Deals
Ethiopia Plans to Split Telecoms Monopoly, Sell Stakes Gradually
- Government will sell as much as 40% to international operators
- State has embarked on market reforms to open up economy
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Ethiopia will split its state-owned telecommunications company and sell stakes in the two new entities piecemeal to international operators, Prime Minister Abiy Ahmed said.
Ethiopian Telecommunications Corp., or EthioTelecom, has more than 60 million mobile and fixed-line subscribers, dominating a phone market that’s long been coveted by MTN Group Ltd. and Vodacom Group Ltd., Africa’s biggest wireless operators by sales and value respectively.