Ethiopia appoints Ethio Telecom privatisation adviser

Customers receive assistance from staff members at an Ethio Telecom branch in Addis Ababa, Ethiopia June 7, 2019. REUTERS/Tiksa Negeri

ADDIS ABABA (Reuters) – Ethiopia has appointed a transaction adviser in the privatisation process for state-run Ethio Telecom, and another adviser will be selected in coming weeks to oversee licensing in the telecoms sector, a senior finance ministry official said.

State Minister of Finance Eyob Tekalign Tolina said that Ethio Telecom had appointed international consulting firm KPMG to help with a process aimed at selling off stakes in the telecom.

Reporting by Giulia Paravicini; writing by George Obulutsa; editing by Jason Neely

LEAVE A REPLY

Please enter your comment!
Please enter your name here