Business

Ethiopia to sell 40 percent of Ethio Telecom – Minister

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Dawit, Endeshaw ADDIS ABABA, Could 21 (Reuters) – The Ethiopian authorities will promote a 40 % 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 stated international companies will probably be invited to bid and a share of the minority stake will probably be offered to “the individuals”, that means Ethiopian residents. The federal government will retain possession of the remaining 60 %. Ethio Telecom didn’t reply to requests for remark. Earlier on

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