NAIROBI (Reuters) – State-run Ethio Telecom posted an 8.5% rise in revenue to 61.3 billion birr ($1.18 billion) in the full-year to the end of June, the company said on Thursday.
Subscribers to Ethio Telecom’s financial service, known as Telebirr, launched in May last year, have grown to 21.8 million out of its 66.6 million total subscribers.
Ethio Telecom’s 4G network, which previously covered only Ethiopia’s capital Addis Ababa, has now grown to cover 136 cities, with 5G services launched in six mobile stations in the capital, it said.
($1 = 52.1338 birr)
(Reporting by Hereward Holland; Editing by Estelle Shirbon and Alexander Winning)
