Ethiopia to sell 40% of telecom monopoly by July – Prime Minister

Ethiopian Prime Minister Abiy Ahmed

The Ethiopian Prime Minister, Abiy Ahmed, has disclosed that the east African country plans to sell up to 40 percent of shares in the state-owned telecom monopoly Ethio-Telecom by July.

Ahmed disclosed the plan during a report he presented to Ethiopian Parliamentarians. The Ethiopian PM didn’t disclose the identity of potential bidders for Ethio-Telecom shares or how much the shares will be valued once they are put on public sale.

Separately, Ethiopia is preparing to sell two full-fledged telecom licenses.

Sharing Mobile Group, a Chinese telecom operator, has already expressed interest to join the bid for the telecom license in Ethiopia.

Ethiopia’s telecom industry is considered a huge untapped market, as the east African country has the second-highest population in Africa, only surpassed by Nigeria.

Source: GNA

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