Ethio Telecom Achieves Impressive Financial Results in 2025, Driving Digital Transformation in Ethiopia
Ethio Telecom, Ethiopia’s leading telecommunications provider, recently announced robust financial and operational results for the 2017 Ethiopian fiscal year (2024/2025). Under the leadership of CEO Frehiwot Tamiru, the company demonstrated strong performance, achieving 162 billion birr in revenue, representing 99% of its annual target. This success underscores Ethio Telecom’s commitment to Digital Ethiopia 2025, expanding its telecom infrastructure, and scaling its digital financial services, contributing significantly to the nation’s digital economy.
Significant Revenue, Subscriber Growth and Telebirr Transfers
The 2017 fiscal year saw Ethio Telecom experience significant growth across various segments. Total revenue reached an impressive 162 billion birr, fueled by solid performance in mobile, internet, and financial services. The company also recorded substantial subscriber growth, adding 7 million new users during the year. This increase brought the total subscriber base to 83.2 million, representing a 6.2% rise compared to the previous year. Furthermore, Ethio Telecom’s mobile money platform, Telebirr, played a crucial role in furthering financial inclusion and the growth of the digital economy. Telebirr facilitated a staggering 4.93 trillion birr in transfers during the fiscal year, demonstrating its vital role in financial transactions.
In conclusion, Ethio Telecom’s latest results highlight the company’s pivotal role in driving digital transformation in Ethiopia. The consistent revenue generation, expanding subscriber base, and the success of Telebirr underscore the company’s ability to deliver impactful services and contribute to the nation’s economic progress. The results reflect a commitment to innovation and infrastructure development, positioning Ethio Telecom as a major player in the burgeoning African tech landscape.
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