Ethio Telecom, has secured an $800 million mobile network deal with Chinese telecommunications equipment and network solutions provider ZTE.
The deal is half of a $1.6 billion project split with Huawei Technologies Co. Ltd. and is expected to lead to high-speed 4G broadband network in the capital Addis Ababa and 3G service nationally.
According to Ethiopian Radio and Television Agency, Andualem Admassie, acting Chief Executive Officer of Ethio Telecom has said that the agreement would double the volume of subscribers in Ethiopia to 50 million.
A Reuters online report quotes Admassie as saying, “The expansion is vital to attain Ethio Telecom’s objective of increasing telecom service access and coverage across the nation, as well as to upgrade existing network to new technology.”
According to the report, Ethiopia is one of the few remaining countries in Africa to maintain a state monopoly in telecommunications.
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