Firdegnochu part 28
The state-owned telecom operator is about to achieve 25 percent of its ambitious revenue target that will add some nine billion birr more in the current fiscal year.
For the current Ethiopian Fiscal Year (EFY), Ethio Telecom has made a bold and ambitious plan that seeks to surge its revenue by 25 percent from last year’s 36.3-billion-birr revenue, beefing it up to 45 billion birr, this year.
Frehiwot Tamru, Chief Executive Officer (CEO) of Ethio Telecom said: “The target was ambitious but achievable and we are in line with our plans.” In the first quarter of the current fiscal year, Ethio Telecom has managed to amass more than 10 billion-birr in revenues.
Despite the burgeoning growth in revenues, Ethio Telecom has been grappling with serious setbacks from telecom infrastructure tampering and thefts. In the first half of the current FY, 547 incidents of damages and thefts have been recorded mostly perpetuated by individuals, causing the telecom provider to face extra costs of 100 million birr.
The increasing trends have alarmed the operator, leading it to stage numerous campaigns across the country, fearing for the fiber cables that
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