A branch of state-owned Ethio Telecom is seen in Addis Ababa, Ethiopia.
The country's only mobile and internet provider, has north of 40 million
customers. PHOTO | REUTERS
Ethiopia’s state-run Ethio Telecom plans to install a 4G network
in the capital and other regions and to upgrade other network services,
it said on Friday, as the government prepares to open up the sector to
private foreign investment.
In July, Ethiopia announced
it would award two telecoms licenses to multinational mobile companies,
signaling a move toward opening up one of the world’s last major closed
telecom markets.
Referring to the liberalisation
drive, Ethio Telecom on Friday announced a three-year strategic plan to
“reshape the company and lead with business orientation and a
competitive mindset.”
Based on data traffic growth and
demand, Ethio Telecom will roll out 4G network capacity in Addis Ababa
and other regions, and improve network coverage and capacity, the
company said.
The statement gave no budget or financing details for the expansion.
The company expects to increase total subscribers by 16 per cent to 50.46 million in the year to July 2020
It plans to open 73 new retail shops over the same period, bringing the total to 438, it said.
Ethiopia,
which has a population of more than 100 million people, has been among
Africa’s fastest growing economies for more than a decade.
However,
the vast majority of the population live in rural areas. Around a third
of Ethiopians have a phone and about 70 per cent have no electricity, a
2018 World Bank study found.
Ethio Telecom’s network
quality is notoriously poor. An internet blackout in June cost the
economy millions of dollars and crippled businesses.
The
telecoms industry is considered the big prize in a push to liberalize
the economy launched last year by Prime Minister Abiy Ahmed.
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