Ethio Telecom revenues rise 7% to $1.26 bln in 2018/9

State-owned Ethio Telecom, a potential candidate for privatisation, generated 36.3 billion Ethiopian birr ($1.26 billion) in revenue during the last financial year, a company report said on July 23, a 7% rise on the previous year.

The total number of subscribers of the only telecom operator in the country has managed to increase the total number of subscribers to 43.63 million, which was 37.92 million the previous year, according to Firehiwot Tamiru, CEO of Ethio Telecom

Multinational firms are eyeing a slice of the telecom provider after Ethiopia’s parliament passed a law last month to liberalise the telecommunications sector.

France’s Orange, MTN of South Africa, Britain’s Vodafone Group, the UAE’s Etisalat and Zain of Kuwait are among the companies that have expressed an interest in the firm.