Ethio Telecom revenues up 20%; financial subscribers grow - Reuters

ADDIS ABABA, Jan 12 (Reuters) - Ethiopia's state-owned telecoms institution Ethio Telecom said connected Thursday that its half-year revenues roseate 20% to 33.8 cardinal birr ($632.99 million).

Subscribers to Ethio Telecom's mobile phone-based fiscal service, known arsenic Telebirr, launched successful May 2021, person grown to 27.2 cardinal retired of its 70 cardinal full subscribers, CEO Frehiwot Tamiru told a quality conference.

Ethio Telecom is facing contention from Safaricom Ethiopia, which launched commercialized mobile web services successful October and present covers astatine slightest 21 cities crossed the country.

($1 = 53.3974 birr)

Reporting by Dawit Endeshaw; Writing by George Obulutsa; Editing by Alexander Winning

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