Ethiopia's state-owned telecom company reports rising annual revenue

ADDIS ABABA, July 19 (Xinhua) -- Ethiopia's state-owned Ethio-Telecom reported an annual revenue of 75.8 billion birrs (about 1.38 billion U.S. dollars) during the past Ethiopian fiscal year, which ended on July 7.

Announcing the company's 2022/2023 fiscal year business performance Tuesday, Ethio-Telecom chief executive officer (CEO) Frehiwot Tamiru said the state-run telecom operator has seen a 23.5 percent rise in revenue to 75.8 billion birrs during the last fiscal year.