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Ethio Telecom signs USD 800 mln expansion deal with ZTE

2013-08-19 13:00:00| Telecompaper Headlines

(Telecompaper) Ethio Telecom has signed an USD 800 million agreement with China's ZTE to expand its telecommunications network, AFP reports. CEO Andualem Admassie told journalists that the expansion project was vital to attain Ethio Telecom's objective of increasing coverage across the country and to upgrade its existing. The agreement is part of a USD 1.6 billion expansion project shared with China's Huawei. The two equipment vendors have split the cost of the scheme. The expansion project aims to increase mobile phone and 3G Internet access throughout the country and to introduce 4G broadband Internet in the capital Addis Ababa. Ethio Telecom, the country's monopoly phone and internet provider, aims to increase mobile coverage to 80 percent of Ethiopia. Andualem said the expansion is part of Ethiopia's "growth and transformation plan," an economic blueprint that aims to help Ethiopia reach middle-income status by 2025. Less than one percent of Ethiopia's 85 million people have access to the mobile internet and 23 percent subscribe to mobile phones, according to the ITU.

Tags: deal usd signs expansion

 

Telecom cost-cutting on the table

2013-08-19 00:57:41| Telecom - Topix.net

Telecom's annual results announcement on Friday is expected to be a subdued affair, though there will be more information on its cost-cutting initiatives.

Tags: table telecom costcutting

 
 

Union wants telecom Crown corporation set up as Canada's fourth national carrier

2013-08-16 20:02:48| Telecom - Topix.net

A major union is calling on the Harper government to set up "Canada Wireless" _ a Crown corporation that would be the country's fourth major wireless communications carrier.

Tags: set national corporation union

 

Kosovo telecom privatisation delayed again

2013-08-16 02:00:00| Total Telecom industry news

Government postpones finalising 75% stake sale contract at request of winning bidder.

Tags: telecom delayed kosovo privatisation

 

Stock Screen: Telecom Stocks With Solid Total Return Potential - August 14, 2013

2013-08-15 14:56:22| Semiconductors - Topix.net

In this screen we are taking a look at stocks in the Telecom Services, and Telecom Equipment industries.

Tags: total august return stock

 

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