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ETC and France Telecom - Ethiopia

The management of Ethiopian state-owned fixed line incumbent Ethiopian Telecommunications Corporation (ETC) has been officially transferred to European giant France Telecom (FT), AllAfrica.com reports. Under the terms of the agreement FT will take control of the telco on behalf of the Egyptian government for a three-year period, and it will be paid an annual management fee, while there reportedly also remains a possibility of revenue sharing from enhanced services, although this has not been confirmed.

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