0
General

Ethiopia offers 45% stake in partial sale of Ethio Telecom

Tuesday 24 November 2020 | 13:16 CET | News
Ethiopia's government is selling a 45 percent stake in its Ethio Telecom monopoly, Reuters reported citing an adviser to the state minister of finance. The government is pressing ahead with the sale and liberalisation of the sector despite an armed conflict in the north of the country.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Ethio Telecom
Countries: Ethiopia
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Ethiopian government prepares major digital foundation project

Published 03 Mar 2021 11:32 CET | Ethiopia
Ethiopia's Ministry of Innovation and Technology (MiNT) has finalised preparations to implement a digital foundation project ...

Ethiopian regulator extends deadline for telecom licence bids to 05 April

Published 02 Feb 2021 15:05 CET | Ethiopia
Ethiopia has extended the deadline for telecoms firms to bid for new operating licences to 05 April after requests from ...

Ethio Telecom picks KPMG East Africa to evaluate business

Published 27 Jan 2021 10:24 CET | Ethiopia
Ethio Telecom has hired KPMG East Africa to evaluate its entire business and this is expected to take eight weeks, Addis Fortune ...

Ethio Telecom posts 12% rise in H1 revenues

Published 26 Jan 2021 10:21 CET | Ethiopia
State-run operator Ethio Telecom said its revenue increased by 12 percent to ETB 25.6 billion in the six months to 31 December ...

Ethio-Telecom seeks to invest in financial sector

Published 13 Jan 2021 10:37 CET | Ethiopia
Ethiopia's Council of Ministers has amended the Ethio-Telecom establishment regulation to boost the firm's operations besides its ...

Huawei plans to move regional office to Ethiopia from DR Congo

Published 18 Dec 2020 09:59 CET | Ethiopia
Huawei is positioning itself to get more business in Ethiopia as the economy opens up its telecommunications sector, Bloomberg ...

US DFC lends USD 500 mln to Vodafone consortium for Ethiopian bid, USD 300 mln to Liquid Telecom

Published 15 Dec 2020 09:36 CET | Ethiopia
The US government's international Development Finance Corporation (DFC) has released USD 500 million to back a consortium of ...

Ethiopian regulator excludes fourth operator for 10 years

Published 03 Dec 2020 09:49 CET | Ethiopia
The Ethiopian Communications Authority (ECA) has decided not to let a fourth operator enter the telecommunications sector for at ...

Raxio, RedFox, ScutiX and Wingu.africa obtain land for data centres in Ethio ICT Park

Published 30 Nov 2020 10:02 CET | Ethiopia
Four new data centre companies have secured land at Ethio ICT Park, Addis Fortune has reported. Raxio Data, RedFox Web Solution, ...

Ethiopian regulator invites bids for 2 full service telecom licences within 90 days

Published 27 Nov 2020 13:41 CET | Ethiopia
The Ethiopian Communications Authority (ECA) has invited proposals for two new full service telecommunications licences with a ...

BringCom signs new partnership and interconnection deal with Ethio Telecom

Published 04 Nov 2020 09:50 CET | Ethiopia
African connectivity provider BringCom has announced that it has established a new partnership and interconnection agreement with ...

Ethiopia Prime Minister gives green light for liberalisation of telecom market

Published 04 Nov 2020 09:06 CET | Ethiopia
Ethiopian prime minister Abiy Ahmed has given his green light for the finalisation of the telecom market liberalization process, ...

Ethio Telecom to boost mobile subscribers to 50 mln by 2021

Published 25 Sep 2020 09:48 CET | Ethiopia
Ethio Telecom said it is planning to increase its number of mobile phone subscribers to 49.7 million by 2021 from the current ...

Ethiopian govt plans to invite bidders for Ethio Telecom and two mobile licences in October

Published 25 Sep 2020 09:28 CET | Ethiopia
The Ministry of Finance of Ethiopia says it will invite international telecom operators in October to bid for 40 percent of Ethio ...

Ethiopian govt sets February 2021 deadline to complete partial privatisation of telecoms industry

Published 11 Sep 2020 10:05 CET | Ethiopia
Ethiopia has set a new deadline of February 2021 to complete the partial privatisation of its telecommunications industry, ...

Ethio Telecom rolls out new business plan ahead of increased competition

Published 26 Aug 2020 17:40 CET | Ethiopia
Ethio Telecom announced a new development strategy covering the period July 2020 to June 2021. The plan is aimed at transforming ...

Ethiopian government suspends entry of foreign telecom infrastructure firms

Published 11 Aug 2020 09:45 CET | Ethiopia
The Ethiopian government has suspended the entry of foreign telecom infrastructure companies to the country, The EastAfrican ...

Ethio Telecom splits network infrastructure into five divisions

Published 05 Aug 2020 11:27 CET | Ethiopia
Ethio Telecom has split its network infrastructure department into five divisions for service efficiency as it prepares to remain ...

Ethio Telecom FY revenue rises 31%, customer base up 6%

Published 04 Aug 2020 09:17 CET | Ethiopia
Ethio Telecom has reported a 31.4 percent increase in revenue to ETB 47.7 billion for the year ending 30 June compared with the ...

Ethiopian govt offers 40% of Ethio Telecom to international operators, 5% to public

Published 27 May 2020 09:49 CET | Ethiopia
Ethiopia's Ministry of Finance has decided to offer a 5 percent stake in Ethio Telecom to the public, with a cap on the number of ...

Ethio Telecom H1 revenue rises 32%

Published 16 Jan 2020 09:44 CET | Ethiopia
Ethio Telecom has reported a 32 percent rise in revenue to ETB 22 billion for the first half year ended 31 December 2019, reports ...





Calendar   /   Industry Events

14 May Digi Communications Q1 2021
14 May Japan Display FY results
14 May Sohu.com Q1 2021
14 May Sogou Q1 2021
14 May Telesat Q1
14 May Report: Dutch Apps Market - 2021Q1
17 May Pareteum FY results
17 May Minim Q1 2021
17 May World Telecommunication and Information Society Day
18 May Iliad Q1 2021
18 May Vodacom FY results
18 May Vodafone FY results
18 May iQiyi Q1
18 May Baidu Q1 2021
18 May MTS Q1 2021
18 May Google I/O
19 May Analog Devices Q2
19 May Cisco fiscal Q3
19 May TIM Q1 2021
19 May Qualcomm 5G Summit
20 May Palo Alto Networks fiscal Q3
20 May Nkom 2020 telecoms statistics
20 May Poly investors day
20 May Deutsche Telekom Capital Markets day
20 May Shaw EGM on Rogers merger
20 May Telefonica Deutschland AGM
::: More Calendar Items