Ethiopia Moves to Open Phone Industry to Investors

Samuel GebreBloomberg News

(Bloomberg) –Ethiopia is pushing ahead with plans to sell two new telecommunications licenses following delays due to the coronavirus outbreak and postponed elections.

Almost two years after Prime Minister Abiy Ahmed announced a plan to open up the market, the government on Thursday opened a month-long window for potential buyers to submit expressions of interest, with the International Finance Corp. as advisor.

Africa’s second-most populous country is one of the final frontiers for telecom investors, and carriers such as Orange SA, MTN Group Ltd. and Vodacom Group Ltd. are among those eyeing the opportunity. It will be a “competitive bidding process,” according to an emailed statement from the Ethiopian Communication Authority.

Last month, the ECA published the first three of a dozen draft directives to guide operations in the sector including dispute resolution. Ethiopia’s initial plans to issue licenses by March 2020 were disrupted by the decision to hold elections on Aug. 29, which the government later postponed indefinitely due to the virus outbreak.

Abiy’s administration wants to offer two new licenses and sell part of the state-controlled monopoly, Ethio Telecom, to help liberalize the economy and attract more foreign capital. Consultancy firm KPMG completed a valuation of the company, now under review by the board.

2 COMMENTS

  1. When it comes to
    -forming a transitional government.
    – finding abducted students.
    -resettlling the internally displaced Addis Ababa , Merkan GURAGE , GEDEO…. people back to their homes.
    – granting Sidama the Statehood status.
    – Badme Ethio-Eritrea , Sudan-Ethiopia , Somalia-Ethiopia and other border issues
    the “dynamite” PP President , Masters in Business Administration holder Dr. Abiy got no time to act due to the Covid-19 emergency , but when it comes to selling Ethiopian national interests without the approval of Ethiopians, the MBA holder Abiy finds ample times to do so despite the pandemic because his signature “telecom privatization” attempts will be profitable to his personal finances , while Lidetu Ayalew the member of the Privatisation Advisory Council opposing this plan of selling the Ethiopian telecom to foreigners is treated as a traitor ever since Abiy got to power, now Abiy is ready to sell the Telecom before September comes so he makes his personal financial status prosper by making this shady deal of selling Ethio telecom during this times of State of emergency.

    AllAfrica.com › stories
    Web results
    Ethiopia: Government Privatisation Advisory Council Forms and Meets …

  2. Giving Telecommunication to foreigners is an act of treason .

    Selling the Telecommunication is helping foreign spies get access to listen and read our conversations.

    ScienceDirect › science › article › pii
    Web results
    The WTO and China’s ban on foreign investment in telecommunication services

    CNN.com › 2019/05/15 › tech
    US bans Huawei from selling telecom gear and threatens its supply chain – CNN

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