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General

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

Wednesday 27 May 2020 | 09:49 CET | News
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 shares an individual can buy, reports Addis Fortune. The minority stake in the telecom company will be sold to thousands of Ethiopians. Forty percent of the company will be privatised to one of the international telecom operators,  and the government will retain a majority share. 

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Categories: General
Companies: Ethio Telecom
Countries: Ethiopia
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