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Gov't to Float Bid for Telecom Privatisation

September 4 , 2021

Officials at the Ministry of Finance announced the full request for a proposal for the privatisation of Ethio telecom is to be floated in mid-September. The Ministry, in collaboration with the Public Enterprise Holding & Administration Agency, had called for companies to submit an expression of interest two months ago. According to Eyob Tekalign (PhD), a state minister for Finance, Deloitte, the consultant hired by Ethio telecom to conduct its business valuation, has concluded its preparation and the government is addressing issues that have been raised by interested parties. Once the government finalises the process, the bid will be floated, he added, though he was unwilling to disclose how many applicants have shown interest.


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