Friday
July 5
2019

Ethiopia to Issue Two Telecom Licenses, Minority Stake in Monopoly

By Maggie Flick

Ethiopia will award two telecoms licenses to multinational mobile companies, a senior official said on Friday, in the first detailed announcement of the government’s plans for opening one of the world’s last major closed telecom markets.

The government will also offer a minority stake in Ethio Telecom, the monopoly operator, and foreign firms will be invited to bid.

“We have announced the market structure as ‘two plus one’,” State Minister of Finance Eyob Tekalign Tolina told Reuters by telephone, referring to the two new licenses and a 49 percent stake in Ethio Telecom, the monopoly operator.

Photo courtesy of Rob Tinworth.

Source: Reuters (link opens in a new window)

Categories
Technology
Tags
emerging markets, mobile phones, mobile technology, regulations, telecommunications