Orange Withdraws from Ethio Telecom Sale Process
Orange Group opted to withdraw from a process to acquire a 45 per cent stake in Ethiopia’s state-owned operator Ethio Telecom, blaming existing market conditions which it claims do not match its strategy.
In a statement to Mobile World Live, the France-based operator group explained it would not move forward with a plan to attempt to acquire a 45 per cent stake in the Ethiopian business, ending interest which first began in 2021.
Photo courtesy of Colin Charles.
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