TechAfrica News

by Editorial Team

Orange to Take Part in Ethio Telecom’s Privatisation

The French telecom giant, Orange has reportedly shown interest in taking part in the ongoing privatisation of the telecom sector in Ethiopia.

The telecom giant, Orange is now showing interest in acquiring a stake in the Ethiopian telco company, Ethio Telecom.

Ethiopia’s ambassador to France, Henok Tereffa Shawl took to twitter to announce Orange’s overt interest in the ongoing privatisation of Ethiopia’s telco firm.

“Fruitful discussions with team of @orange which has formally submitted interest to participate in the partial privatization of @ethiotelecom! With fast-growing economy & income of +100 mln, people remains very attractive to foreign investors.”

Henok Tereffa Shawl on Twitter

This partial privatisation of the telco company is expected to attract significant interest as the Ethiopian government puts up 40% of Ethio Telecom for sale.

In their aim to pursue privatisation of the telecom sector, Ethiopia had also awarded a private operator’s license to a Safaricom-led consortium in May 2021.

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