Djibouti to Sell Minority Stake in State-Run Telecoms Company
- Sale is part of plan to liberalize and modernize the economy
- Horn of Africa country is landing spot for 12 undersea cables
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Djibouti will offer a “significant minority” stake in state-owned Djibouti Telecom SA to a strategic partner, part of a plan to open up the sector and modernize its economy, the government said in a statement.