Monday
June 24
2019

Orange Eyes Ethiopia Move in Battle for New African Market

Orange SA is considering a bid for a minority stake in Ethiopia’s state-owned phone monopoly as Africa’s second-most populous country prepares to welcome foreign telecommunications investors for the first time.

The French carrier is also open to becoming a rival carrier to Ethio Telecom by taking part in an auction for a new privately held mobile-phone license, Deputy Chief Executive Officer Ramon Fernandez said in an interview in London on Friday. Both options are likely to be made available by next year.

Source: Bloomberg (link opens in a new window)

Categories
Finance, Technology
Tags
digital finance, mobile finance, mobile money, technology