ECA Suspends Plans to Privatise Ethio Telecom

Sourced from allAfrica. In May, the Ethiopian Telecommunication Authority (ECA) issued a statement announcing that the country would now be open to selling a 40% stake in the state-owned company, Ethio Telecom. In response to this announcement, Safaricom and, its parent company, Vodacom both expressed their interest. However, it looks as though this opportunity was short-lived as the ECA has since suspended its plans to privatize the telco. According to TechNext, Africa’s oldest telco supplies more than 40 million of 115 million Ethiopians with mobile network and Internet services. /* custom css */ .tdi_3_645.td-a-rec-img{ text-align: left; }.tdi_3_645.td-a-rec-img img{ margin: 0 auto 0 0; } But in recent times, locals have began calling out the slow, unreliable internet connection and poo...