Ethiopia invites bids for Ethio Telecom stake, new telecom licence - Fana

Published on November 16, 2022 08:11 PM AEDT

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NAIROBI (Reuters) -Ethiopia has invited international companies to bid for a 40% stake in state-owned Ethio Telecom, state-affiliated Fana quoted Finance Minister Ahmed Shide as saying on Wednesday.

Fana also reported that the finance ministry had invited international companies to bid for a license for what would be the country's third telecom company.

In March, the government said it had postponed the planned partial privatisation of Ethio Telecom because of the prevailing economic environment domestically and globally.

The government had launched a tendering process in June 2021 for the partial sale.

In December, it had also suspended the tender process for a telecom licence after inviting proposals in September 2021.

(Reporting by George ObulutsaEditing by Alexander Winning)

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