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Ethio Telecom Eyes 45.5% Revenue Growth by June 2026
Ethiopia’s big phone company, Ethio Telecom, is planning to grow its income a lot by next year. The boss of the company, Frehiwot Tamiru, said that Ethio Telecom eyes 45.5% revenue growth by June 2026. This means the company hopes to make nearly half more money than it does now, which is a big goal.
The reason Ethio Telecom eyes revenue growth by June 2026 is mainly because more people are using the internet on their phones and more people are joining Ethio Telecom as customers. They expect to have about 88 million users by the middle of 2026, which is 6% more than before. Plus, their mobile money service, called Telebirr, is becoming very popular. Telebirr lets people send money, pay their bills, and buy phone credit right from their phones. The number of Telebirr users is expected to grow by 14% by June 2026. This helps Ethio Telecom a lot in making more money.
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Last year, Ethio Telecom did very well. From July 2024 to June 2025, the company made a profit before taxes of 76 billion birr, which is about $537 million. That’s more than 80% more than the year before! Part of this success came because Ethio Telecom worked hard to improve its services. They built 1,683 new mobile network sites, and 836 of these were in places where people had little or no phone service before. This helped many more people get better phone and internet signals.
Since Ethio Telecom eyes 45.5% revenue growth by 2026, they are focusing on giving better service and growing their digital platforms, especially Telebirr. Telebirr is very fast and can handle many transactions every second, so it can easily grow as more people use it. This mobile money service is helping many Ethiopians, even in rural areas, to handle money more quickly and safely without needing a bank nearby.
Even though Ethio Telecom is doing well, the government has not yet sold part of the company to private investors, which was an earlier plan. The government wanted to sell up to 45% of Ethio Telecom to bring in money and new ideas, but this sale is paused because of economic problems and discussions about how important the company is for the country. Because of this, Ethio Telecom was not listed on the Ethiopian Securities Exchange, where it was expected to be sold publicly, partly through its Telebirr service.
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Looking ahead, Ethio Telecom eyes revenue growth by June 2026 while carefully growing in a tough economy. The company will keep working on better network coverage and new digital services to win more customers and increase earnings. How well it does will affect not just Ethio Telecom but the whole country’s path to becoming more connected and bringing more people into the digital world.
For everyday people, this means better internet, easier phone calls, and simple digital money services, especially for those in small towns and villages. Ethio Telecom eyes 45.5% revenue growth by 2026 because they believe these services are the future, and they want to help Ethiopia grow in the digital age.
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