Deals
Ethiopia Seeks Expressions of Interest for 40% of State Telecom
- Window for submissions open for a month from June 15
- State recently awarded new license to Safaricom-led consortium
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Ethiopia called for expressions of interest for a minority stake in the state-controlled telecommunications company, starting the process of recruiting a second major investor into the country in less than a month.
Investors have a month, beginning June 15, to submit interest for 40% of Ethiopia Telecommunications Corp., Brook Taye, a senior advisor at the finance ministry, told reporters in Ethiopian capital, Addis Ababa. Requests for proposals will be issued thereafter, Brook said.