Orange has submitted an expression of interest to participate in the ongoing partial privatisation of Ethiopia’s Ethio Telecom firm, Reuters reported citing Ethiopia’s ambassador to Paris. Henok Teferra Shawl said in a tweet that Orange had formally submitted interest to participate in the privatisation.
Ethiopia launched a tender process for the proposed sell-off of a 40 percent stake in the state-owned carrier Ethio Telecom to private investors, part of the government’s broader plan to open up the Horn of Africa country’s economy. As part of the process to open up the telecoms sector in May authorities handed out the first private operator licence to a consortium led by Kenya’s Safaricom, Vodafone and Japan’s Sumitomo.
Ethio Telecom reported an 18.4 percent rise in full-year revenue to end-June to ETB 56.5 billion.
