Sep 14 , 2021
Ethiopia has made an offer for partial privatisation of the state-owned telecom monopoly, Ethio telecom. The Ministry of Finance has issued today an offer for prospective investors to acquire a 40pc stake in the company with over 56.2 million subscribers.
Prospective investors need to pay a non-refundable fee of 20,000 dollars (over 900,000 Br at the current exchange rate) to get the bid document. The government announced three months ago its resolve to pursue the partial privatisation of the state-owned telecom company, calling for an expression of interest (EOI). The French-based operator, Orange, was among the multinational companies that showed an interest.
This comes on the heels of liberalisation that ends telecom monopoly after the Ethiopian Communication Authority granted a telecom license to the Global Partnership for Ethiopia, a consortium of Safaricom, Vodafone, Vodacom, CDC Group Plc, and Sumitomo Corp. The consortium paid 850 million dollars for the license.
View From Arada | Feb 22,2020
Fortune News | May 02,2020
Radar | May 02,2020
Radar | Apr 25,2020
Fortune News | Nov 19,2022
Radar | Mar 26,2022
Agenda | Feb 08,2020
Radar | Oct 05,2019
Fineline | Apr 04,2020
Viewpoints | Mar 21,2020
Photo Gallery | 174468 Views | May 06,2019
Photo Gallery | 164692 Views | Apr 26,2019
Photo Gallery | 154870 Views | Oct 06,2021
My Opinion | 136676 Views | Aug 14,2021
Oct 11 , 2025
Ladislas Farago, a roving Associated Press (AP) correspondent, arrived in Ethiopia in...
Oct 4 , 2025
Eyob Tekalegn (PhD) had been in the Governor's chair for only weeks when, on Septembe...
Sep 27 , 2025
Four years into an experiment with “shock therapy” in education, the national moo...
Sep 20 , 2025
Getachew Reda's return to the national stage was always going to stir attention. Once...
Loading your updates...