Ethio telecom

Ethio Telecom
Native name
ኢትዮ ቴሌኮም
Company typeState-owned enterprise
IndustryTelecommunications
PredecessorEthiopian Telecommunications Corporation
Founded29 November 2010; 13 years ago (2010-11-29)[1]
Headquarters
Addis Ababa
,
Ethiopia
Area served
Ethiopia
Key people
Services
Revenue
31.12 billion birr
Total assets215 billion birr
Total equity119 billion birr
Number of employees
39,994[3]
ASN24757 Edit this at Wikidata
Websitewww.ethiotelecom.et

Ethio telecom (stylised as ethio telecom; Amharic: ኢትዮ ቴሌኮም), previously known as the Ethiopian Telecommunications Corporation (Amharic: የኢትዮጵያ ቴሌኮሙኒኬሽን ኮርፖሬሽን, ETC), is an Ethiopian telecommunication company serving as the major internet and telephone service provider. Ethio telecom is owned by the Ethiopian government and maintains a monopoly over all telecommunication services in Ethiopia.[4] Based in Addis Ababa, it is one of the "Big-5" group of state owned corporations in Ethiopia, along with Ethiopian Airlines, the Commercial Bank of Ethiopia, Ethiopian Insurance Corporation, and the Ethiopian Shipping Lines.[5]

Ethio telecom was managed, on a management contract arrangement from 2010 to 2013, by France Télécom, and was required to comply with Ethiopian government orders.[6] The government said it outsourced the management as ETC was not able to meet the demands of the fast-growing country. It also said that telecommunications services would not be privatized, at least not in the near future.[7] Ethio telecom generates a revenue of over US$2.1 billion for the Ethiopian government, and was dubbed a "cash cow" by the previous Prime Minister Hailemariam Desalegn.[8]

  1. ^ "France Telecom in Ethiopia". La France en Éthiopie (in French). Retrieved 2022-01-30.
  2. ^ "Prime Minister Appoints Girma Birru to Chair Ethio telecom's Board". addisfortune.news. Addis Fortune. Retrieved 16 August 2023.
  3. ^ a b c "Ethio telecom 2015 EFY (2022/23) Annual Business Performance Summary Report". Ethiotelecom. ethiotelecom. Retrieved 16 August 2023.
  4. ^ Central Intelligence Agency (8 October 2013). The CIA World Factbook 2014. Skyhorse Publishing, Inc. ISBN 978-1628734515. Retrieved 24 August 2014.
  5. ^ Kebede, Ezana. "Privatization and its challenges in Ethiopia". nazret.com. Retrieved 24 August 2014.
  6. ^ Committee to Protect Journalists (2013). Attacks on the press journalism on the world's front lines (2013 ed.). Hoboken, N.J.: Wiley. ISBN 9781118611371. Retrieved 24 August 2014.
  7. ^ "Ethiopian Telecommunications Corporation reborn as Ethio telecom". New Business Ethiopia. December 2, 2010. Archived from the original on February 6, 2011. Retrieved June 21, 2012.
  8. ^ "Out of reach:Telecoms in Ethiopia". The Economist. August 24, 2013. Retrieved 24 August 2014.