Gov’t invites int’l bidders to privatize 40% of Ethio telecom

Addis Ababa, November 16, 2022 (FBC) – The Ethiopian Ministry of Finance has invited international telecom bidder companies, as it looks to implement the policy to denationalize 40% share of Ethio telecom.

Minister of Finance, Ahmed Shide, and Minister of State at the Ministry of Finance, Eyob Tekalign, delivered a statement regarding the partial privatization of Ethio Telecom.

In their statement, the officials revealed that a tender has been issued from Wednesday 16 November to identify the international company engaged in the telecom sector.

They also stated that a tender will be issued to transfer 40 percent of Ethio Telecom to the private sector and to give a license to a third telecommunication company in Ethiopia.

In a bid to identify the third telecommunication company that will join the two current active companies in Ethiopia, Ethio Telecom and Safaricom Ethiopia, the Ministry of Finance has invited international bidders to submit their interest in a tender that will last from November 16 to December 16, 2022 on the website of the Ministry of Finance.