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E&, Orange Said to Weigh Bids For 45% Stake in Ethio Telecom

  • Ethiopia has revived sale of government-owned teleco
  • Country invites bids for a third mobile operating license
Ethio Telecom in Addis Ababa, Ethiopia.

Ethio Telecom in Addis Ababa, Ethiopia.

Photographer: Eduardo Soteras/AFP/Getty Images

Emirates Telecommunications Group Co., known as e&, and France’s Orange SA are exploring bids for a 45% stake in Ethiopia’s state-controlled telecom operator, people with knowledge of the matter said. 

E& and Orange have been separately speaking with advisers to weigh offers for the holding in Ethio, the people said, asking not to be identified as the information is private. Deliberations are at an early stage and the Ethiopian government hasn’t announced a timetable for the sale, they said.