August 19, 2013
Tigrai Online - Ethiopia has signed a $800 million mobile phone deal with China’s ZTE to expand cell phone coverate in the country.
The Ethiopian government owned Telecommunication Company Ethio Telecom and Chinese telecom company ZTE have signed $800 million dollar mobile network expansion deal. The Deal is half of 1.6 billon agreement with the portent company Huawei Technologies.
Last month the Ethiopian government and Huawei signed $700 million agreement. Ethiopia is trying to double it cell phone coverage of the country. Ethiopian cell phone coverage is one of the lowest only 23% of the 87 million population subscribe cell phones.
With the Ethiopian economy growing in such fast pace the country needs to keep up its internet and cell phone coverage too.
"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," Andualem Admassie, acting head of Ethio Telecom, said in a speech at the signing ceremony.