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
Native name
ኢትዮ ቴሌኮም
Company typeState-owned enterprise
IndustryTelecommunications
PredecessorEthiopian Telecommunications Corporation
Founded29 November 2010 (2010-11-29)
Headquarters,
Area served
Ethiopia
Key people
Services
Revenue
  • 75.8 billion birr (2023)
12.4 billion birr
Net income
  • 19.0 billion birr (2023)
Total assets10 billion birr
Number of employees
39,994
ASN24757
Websitewww.ethiotelecom.et

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.

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