The General Manager/CEO Statement
Dear Investor
On behalf of the Government of Eritrea, it is my pleasure to make
this offer of Shares in EriTel, with a mandate to give services of
fixed network (landline and wireless) as well as a carrier of Global
Systems for Mobile Communication (GSM) and Internet Services Provider.
Since its inception in October 2003, EriTel has grown in leaps and
bounds in an effort to meet the high telephone demand that had been
backlog of demand over the years, with the size of customers having
scaled up from the initial total subscribes of 38,000 customer base
to 358,186 for both fixed and mobiles services during the last 8
year period.
In line with the Corporation's vision: "Aspiring Excellence in
Communication" all the fixed network obsolete exchanges were replaced
by digital equipment, their capacities expanded and all regions in
the country have now access to wireless technology (Mobile and CDMA).
EriTel has to a greater extent bridged the communication divide
between the urban and rural area which was prevalent in our country.
Now, EriTel is taking this further by giving you, fellow country men
and women an opportunity to own shares in this profitable business.
This will not only position the Corporation to meet its solid
objectives over the medium to long term but will also give it the
friendly competitive advantage to remain as a leading player in the
context of the growing Eritrean economy even after liberalization of
the telecommunications sector.
Lastly, may I take this opportunity to thank the staff and management
of EriTel for their dedication during the years and I look forward
for the confirmation of your entitlement as a genuine beneficiary
shareholder. Thank you.
Mr. Tesfaselassie Berhane
General Manager/CEO EriTel
Received on Sun Jan 06 2013 - 20:16:50 EST
