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Orange to Consider Bid for Stake in Ethiopian State Telecom

  • French wireless carrier looking to engage with government
  • Ethiopia selling shareholding as part of wider privatization
   
Photographer: Balint Porneczi/Bloomberg
Updated on

Orange SA is interested in buying a minority stake in Ethiopia’s state-owned telecom monopoly as part of the country’s privatization of the industry, according to people familiar with the situation.

The French group will consider bidding for the 40% shareholding in Ethio Telecom, said the people, who asked not to be identified as the process hasn’t been concluded. Orange opted to explore the acquisition of the stake rather than one of two new licenses being auctioned to international operators, they said.