Sunday 23 September 2018
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3 months ago

Ethiopia to split telecoms monopoly in two to spur competition

Ethiopia plans to sell a 30 to 40 percent stake in its state-run telecoms monopoly to big telecoms companies and will split the company in two to spur competition, Prime Minister Abiy Ahmed said on Monday. Selling stakes in its lucrative telecoms monopoly and other assets could open Ethiopia, one of the world’s largest untapped markets, to huge potential investments by firms willing to work with a government still wary of private enterprise. “There will be two telecom corporations and shares will be sol

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