France Telecom Takes Over Management of Ethiopia’s Monopoly

France Telecom SA started a two-year contract to manage Ethiopia’s state-owned Ethio Telecom, Communications and Information Technology Minister Debretsion Gebremichael said.

The Paris-based company will, depending on performance, earn a fee of 30 million euros ($40 million) to manage the utility, Debretsion told reporters yesterday in Addis Ababa, Ethiopia’s capital.