Ethio Telecom
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Ethio Telecom’s revenue is expected to rise by 19% in 2023/2024 -
The government of Ethiopia has increased the stake it plans to sell in Ethio Telecom by five percentage points from 40% to 45%.
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Ethio Telecom, the state-owned incumbent in Ethiopia, has started a project to encourage start-up technology companies.
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Ethiopia’s incumbent operator Ethio Telecom has restored services in 27 towns and cities in the province of Tigray, following the suspension of the civil war.
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The government of Ethiopia has revived its plans to sell a 40% stake in its state-owned operator, Ethio Telecom.
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Ethiopia’s telecoms regulator has revived its plan to seek a competitor for state-owned Ethio Telecom and new rival Safaricom, which has been in business just months.
Forthcoming events
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Michael Joseph, acting CEO of Kenyan operator Safaricom, has confirmed the company wants to bid for a telecoms licence in neighbouring Ethiopia in partnership with Vodacom and other companies.
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The venture arm of Orange is investing in an Ethiopian start-up that plans to develop software talent across Africa for telecoms and e-commerce.
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Ethiopia’s monopoly telecoms provider, which is set to be broken up in a privatisation strategy, has reported a 32% revenue increase on the year.
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Consulting firm and auditor KPMG has won the role of advising the government of Ethiopia on the privatisation of state-controlled monopoly operator Ethio Telecom.
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Ethiopia is to follow the example set by Myanmar five years ago to choose and license its two new mobile operators.
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Ethio Telecom is working with its neighbour in Djibouti to run a fibre link from the Red Sea to Addis Ababa, the capital of Ethiopia.
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Ethiopia is to split its monopoly telecoms operator, Ethio Telecom, into a network company and a services company before the two units are privatised.
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Ethiopia will ask for tenders for new telecoms licences in September, with new competitors to Ethio Telecom to be announced before the end of 2019.
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Ethiopia is planning to build a national fibre network to connect public services and a national data centre.
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Ethiopia has been identified as one of the next big opportunities for telecoms operators looking at foreign investment, with the market set to open up in the coming years.
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The Ethiopian government has appointed board member Frehiwot Tamiru as CEO of monopoly operator Ethio Telecom, replacing Andualem Admassie.
