AFP, Addis Ababa :
Ethiopia said Friday it would grant two telecom licenses to private firms and sell a minority stake in Ethio Telecom, the sole operator, as the government opens sectors long closed to outsiders.
Prime Minister Abiy Ahmed announced last year plans to privatise a swathe of industries and allow foreign and private investors into key state-owned companies in an effort to attract new players to the economy. State Minister of Finance Eyob Tekalign Tolina unveiled plans “to sell up to 49 percent stake in Ethio-Telecom to private firms and give telecom licenses to two private telecom operators”. “Ethiopia plans to make Ethio-Telecom a first-class service provider,” he told reporters in Addis Ababa.
“The government plans to open the sector to competition in addition to partial privatisation, to improve Ethiopia’s digital footprint”
Ethiopia said Friday it would grant two telecom licenses to private firms and sell a minority stake in Ethio Telecom, the sole operator, as the government opens sectors long closed to outsiders.
Prime Minister Abiy Ahmed announced last year plans to privatise a swathe of industries and allow foreign and private investors into key state-owned companies in an effort to attract new players to the economy. State Minister of Finance Eyob Tekalign Tolina unveiled plans “to sell up to 49 percent stake in Ethio-Telecom to private firms and give telecom licenses to two private telecom operators”. “Ethiopia plans to make Ethio-Telecom a first-class service provider,” he told reporters in Addis Ababa.
“The government plans to open the sector to competition in addition to partial privatisation, to improve Ethiopia’s digital footprint”
