Orange has expressed an interest in acquiring a stake in Ethiopia’s Ethio Telecom.
Henok Tereffa Shawl, Ethiopia’s ambassador to France, through his Twitter feed, said Orange has formally declared its wish to participate in the partial privatisation of the telco.
Fruitful discussions with team of @orange which has formally submitted interest to participate in the partial privatization of @ethiotelecom! 🇪🇹 with fast growing economy & income of +100 mln people remains very attractive to foreign investors. @MoF_Ethiopia @mfaethiopia pic.twitter.com/vXJxTnYHas
— Henok Teferra Shawl (@_HenokTeferra) July 20, 2021
Ethiopia is offering a 40 per cent stake in Ethio Telecom, the existing monopoly, which has 44m subscribers, as well as spectrum for two new telecoms licences.
French telecoms giant, Orange, operates in 29 countries across Africa and Europe.