Ethio telecom
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. 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.
Ethio telecom headquarter in Addis Ababa | |
Native name | ኢትዮ ቴሌኮም |
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Company type | State-owned enterprise |
Industry | Telecommunications |
Predecessor | Ethiopian Telecommunications Corporation |
Founded | 29 November 2010 |
Headquarters | , |
Area served | Ethiopia |
Key people |
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Services |
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Revenue |
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12.4 billion birr | |
Net income |
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Total assets | 10 billion birr |
Number of employees | 39,994 |
ASN | 24757 |
Website | www |
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. 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. Ethio telecom generates a revenue of over US$300 million for the Ethiopian government, and was dubbed a "cash cow" by the previous Prime Minister Hailemariam Desalegn.