Ethiopia postpones sale of stake in Ethio Telecom

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Ethiopia said on Friday it had decided to postpone the planned partial privatisation of state-owned telecoms firm Ethio Telecom because of the prevailing economic environment domestically and globally.

The government had launched a tendering process in June for a proposed sale of a 40% stake in the state-owned carrier to private investors, part of the government's broader plan to open up the economy.

The ministry said it was comitted to following through with the privatisation and would at a later date get in touch with those who had expressed interest in its Request for Proposals.

 

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