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Ethiopia to sell 40 percent of Ethio Telecom – Minister

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Dawit, Endeshaw ADDIS ABABA, Might 21 (Reuters) – The Ethiopian authorities will promote a 40 p.c stake in Ethio Telecom, a monopoly operator, as a part of the nation’s plans for opening one of many world’s final main closed telecoms markets, State Minister of Finance Eyob Tekalign Tolina advised Reuters. Two authorities officers briefed on the matter mentioned overseas corporations can be invited to bid and a proportion of the minority stake can be offered to “the individuals”, which means Ethiopian residents. The federal government will retain possession of the remaining 60 p.c. Ethio Telecom didn’t reply to requests for remark. Earlier on

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