Ethiopian government officially confirms liberalisation plans

12 July 2019

Telecoms

Ethiopia has confirmed it plans to award two telecoms licences to multinational mobile companies, Reuters reports, citing a senior official. Marking the first detailed announcement of the state’s plans related to the expected opening up of the nation’s telecoms markets, it was also confirmed that the government intends to offer a 49% minority stake in monopoly operator Ethio Telecom, with foreign firms to be invited to bid for this.

Commenting on the plans officially, Ethiopia’s State Minister of Finance Eyob Tekalign Tolina was cited as saying: ‘We have announced the market structure as ‘two plus one’. Meanwhile, according to a statement issued by Ethiopia’s Ministry of Finance the government is aiming to complete both the partial privatisation of Ethio Telecom and the awarding of the two new licences ‘during the first quarter of 2020’.
Source: Reuters