{"id":831538,"date":"2024-07-10T18:07:01","date_gmt":"2024-07-10T12:37:01","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=831538"},"modified":"2024-07-11T08:38:21","modified_gmt":"2024-07-11T03:08:21","slug":"ethio-telecoms-full-year-revenue-net-profit-rise-over-20","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/10\/ethio-telecoms-full-year-revenue-net-profit-rise-over-20\/","title":{"rendered":"Ethio Telecom&#8217;s full-year revenue, net profit rise over 20%"},"content":{"rendered":"<p>Ethiopian state-owned telecom company Ethio Telecom said on Wednesday that its full-year revenue and net profit rose by more 20% in the year that ended in June. <\/p>\n<p>Revenue increased 22% to 93.7 billion birr ($1.63 billion), while net profit rose 21% to 21.79 billion birr, Chief Executive Frehiwot Tamiru told a news conference. <\/p>\n<p>Ethio Telecom said its total subscribers rose 9% to 78.3 million, while subscribers to its financial service Telebirr rose to 47.55 million customers from 34.3 million in the year to end-June 2023. <\/p>\n<p>Prime Minister Abiy Ahmed said in February that the government was considering selling 10% of Ethio Telecom via a local stock exchange that is being launched this year. <\/p>\n<p>The East African country&#8217;s telecoms industry, serving a population of about 120 million, was considered a big prize when Abiy took over in 2018 and promised to liberalise the economy. <\/p>\n<p>But recurring security problems, legislative changes and concern about the government&#8217;s commitment to opening up the tightly-controlled economy have since deterred investors<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethiopian state-owned telecom company Ethio Telecom said on Wednesday that its full-year revenue and net profit rose by more 20% in the year that ended in June. Revenue increased 22% to 93.7 billion birr ($1.63 billion), while net profit rose 21% to 21.79 billion birr, Chief Executive Frehiwot Tamiru told a news conference. Ethio Telecom said its total subscribers rose 9% to 78.3 million, while subscribers to its financial service Telebirr rose to 47.55 million customers from 34.3 million in the year to end-June 2023. Prime Minister Abiy Ahmed said in February that the government was considering selling 10% of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-831538","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/831538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=831538"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/831538\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=831538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=831538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=831538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}