Deals
Ethiopia Could Sell Majority Stake in State Telecom Monopoly
- Horn of Africa country plans an initial 49% sale next year
- Two new licenses to be auctioned next year, more could follow
Photographer: Eric Lafforgue/Getty Images
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Ethiopia may give up majority control over its telecommunications monopoly in a second phase of privatization once it’s sold 49% of the company next year.
The government could also issue more mobile-phone network licenses over the long term beyond the two already planned for March 2020, Balcha Reba, director-general at the Ethiopian Communications Authority, said in an interview in Addis Ababa.