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MOBILE & TELECOMMUNICATIONS | Telecom Services
ethiotelecom.et

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About Ethio Telecom

Ethio telecom is a telecommunications solutions provider operating in Ethiopia. It offers internet, data, VAS, International, and voice services. It is based in Addis Ababa, Ethiopia.

Ethio Telecom Headquarter Location

Churchill Rd Regional Bldg

Addis Ababa, 1047,

Ethiopia

Latest Ethio Telecom News

Ethiopia presses-on with incumbent stake sale

Sep 15, 2021

15 SEP 2021 Ethiopia’s Ministry of Finance invited proposals from parties interested in buying a 40 per cent of state-owned mobile operator Ethio Telecom, as the country continued efforts to boost its communications industry. In a statement, the government department explained it was looking for investors capable of adding value in areas including operations, infrastructure management and next-generation technology capabilities. No price guide for the minority stake was cited in the release, though it is asking for $20,000 from interested parties to receive a copy of the request for proposal document detailing what is being offered and associated terms. Interested parties also have to sign a confidentiality agreement. The ministry added Ethio Telecom had robust infrastructure and a strong financial performance which offers a “significant competitive advantage to any investor”. Sale of the stake in the only operator currently offering services comes as part of a wider strategy designed to bring competition to the sector and improve accessibility to mobile services.

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