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Purposes
The purposes for which the Telecom is established are:
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to provide and make accessible next generation
network based world class standard information
technology services;
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to build a competent next generation network based
workforce with appropriate knowledge; skill,
attitude and work culture to provi de world class
telecom service;
31
to engage, in accordance with development policies
and priorities of the govemment, in the
construction, operation, maintenance and expansion
oftelecommunications networks and services;
41
to provide domestic and intemational voice, data,
video, and other related value-added services;
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to provide communication services using integrated
information technology platform, incIuding rebroadcast oftelevision services;
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in line with directives and policy guidelines issued
by the Ministry of Finance and Economie
Development, to sell and pledge bonds and to
negotiate and sign loan agreements with local and
intemational financial sources;
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to engage in other related activities necessary for
the attainrnent of its purposes.
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The authorized capitaI of the Telecom is Birr
40,000,000,000 (fQrty billion Birr) of which . Birr
20,200,000,000 (twenty billion two hundred million
Birr) is paid up in cash and in kind.
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The Telecom ii; established for an indefinite duration.
9.
Repealed Regulation
The
Ethiopian
Telecommunication Corporation
Establishment Council of Ministers Regulation No.
10/1996 (as amended by Regulation No. 93/2003) are
hereby repealed.
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The rights and obligations of the Ethiopian
Telecommunieation Corporation established under the
Council of Ministers Regulation No. 10/1996 are
hereby transferred to the Telecom.
Il. Eefeetiye Date
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DuratioQ
lO. Transfer or Bjghts aDd Qbljgatjons
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Liability
The Telecom shall not be held liable beyond its total
assets.
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Capitai
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This Regulation shall come into force on the 29th day of
November, 2010.
Done at Addis Ababa, this 28 th day of January, 20 II.
ODI'\lI JJ.'ì'e
MELES ZENA Wl
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PRIMIè MINISTIèR OF THE FEDERA L