The Government of the Federal Democratic Republic of Ethiopia has issued today Invitation for Expression of Interest for the partial privatization of Ethio Telecom and Kicks of stakeholder consultation process for the third telecommunications operating license.

During the briefing on the invitation for expression of interest, H.E Ato Ahmed Shide, Minister of Finance, noted that after a careful consideration of the market conditions and a very stable outlook of the country, the government is now ready to engage with prospective bidders to partially privatize 40% of Ethio Telecom’s share.

Moreover, Ato Ahmed explained that the government is reinitiating the process with the launching of the Expression of Interest that will permit interested companies to express their interest. The government will be supported in this transaction by Deloitte Consulting Ltd, which will be the transaction advisor representing the government.
 

In the same briefing, H.E Dr. Eyob Tekalign, State Minister of Minister of Finance, on his part stated that this partial privatization of  Ethio Telecom and initiation of the stakeholder consultation process for the third telecommunication operating license are part of the government’s Telecom sector transformation plan which is intended to create world class telecom industry and enhance the country digital economy.

H.E. Ato Balcha Reba, General Director of Ethiopian communication Authority, in the same event noted that the stakeholder consultation process for the third telecommunications operating license will last for a month and all interested bidders can join the consultation process.