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Ethiopia to issue two telecom licenses, sell minority stake in Ethio Telecom

Monday 8 July 2019 | 09:50 CET | News
Ethiopia will award two telecoms licenses to multinational mobile companies, Reuters reported, citing a senior official. State Minister of Finance Eyob Tekalign Tolina said the government will also offer a minority stake in monopoly operator Ethio Telecom. The minister made the statement in reference to two new licenses and a 49 percent stake in Ethio Telecom. A senior executive at one of the companies interested in entering Ethiopia told Reuters that the market structure announced on 5 July is "as expected and very sensible approach".  

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Categories: Mobile & Wireless
Companies: Ethio Telecom / Etisalat / MTN / Orange / Vodafone
Countries: Ethiopia
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