Foreign investor interest in Ethiopia’s telecommunications sector is cooling, sector experts have said.
Browsing: Ethio Telecom
Safaricom’s M-Pesa mobile money service went live in Ethiopia on Wednesday.
E& and Orange are exploring bids for a 45% stake in Ethiopia’s state-controlled telecoms operator, sources said.
Ethiopia has reactivated the process of selling a 40% stake in Ethio Telecom and a separate plan to issue a second full telecoms licence.
Ethiopia’s telecommunications regulator said on Tuesday it had invited a request for proposals for a second national telecoms licence.
MTN Group is once again worth more than rival Vodacom Group after a surge in the former’s share price following publication of solid interim results last week.
Ethiopia’s revived plan to sell a second telecoms licence to international operators received an early setback as MTN Group isn’t likely to resubmit a bid, according to people familiar with the matter.
Ethiopia on Monday launched a tendering process for the proposed sell-off of a 40% stake in state-owned carrier Ethio Telecom to private investors.
Kenyan President Uhuru Kenyatta on Tuesday urged Ethiopia to open up its telecommunications sector to private mobile money business investors.
The consortium’s plans to expand in Ethiopia have been complicated by the US state development agency’s decision to pause investments in the country.