Ethiopia Could Sell Majority Stake in State Telecom Monopoly

By Nizar Manek and John Bowker, October 9 2019

  • Horn of Africa country plans an initial 49% sale next year

  • Two new licenses to be auctioned next year, more could follow

Ethiopia may give up majority control over its telecommunications monopoly in a second phase of privatization once it’s sold 49% of the company next year.
The government could also issue more mobile-phone network licenses over the long term beyond the two already planned for March 2020, Balcha Reba, director-general at the Ethiopian Communications Authority, said in an interview in Addis Ababa.
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https://www.bloomberg.com/news/articles/2019-10-09/ethiopia-could-sell-majority-stake-in-state-telecom-monopoly