Ethio Telecom news
Ethiopia’s Government Postpones Ethio Telecom Privatisation Process
Image sourced from FurtherAfrica. The government of Ethiopia has announced today that it will be postponing the ongoing privatisation process of the state-owned Ethio Telecom, and did not set a timeframe for when the process will continue. In an announcement posted to Twitter by the official account of the Ethiopian Ministry of Finance, the Ethiopian federal government says that due to “recent developments” and “fast-moving macroeconomic changes both globally and from a country perspective, the government of Ethiopia has decided to postpone the privatisation process” of Ethio Telecom. pic.twitter.com/rNLYAijWnX — Ministry of Finance – Ethiopia (@MoF_Ethiopia) March 18, 2022 “The government of Ethiopia believes that taking time to accommodate the improved macroeconomic situation as well as ...
Tower Sharing Deal in the Works Between Safaricom & Ethio Telecom
Sourced from CGTN. Safaricom has reportedly begun negotiations on a new infrastructure sharing deal with Ethiopian rival and state-owned entity Ethio Telecom. This comes as the Kenyan telecom company and its consortium of investors prepare a much-anticipated launch in the Horn of Africa country over the next month. CEO of Safaricom in Ethiopia, Anwar Soussa, says that the company is currently working with Ethio Telecom and state regulator Ethiopia Communication Authority (ECA) to finalise all the details of the partnership. Safaricom is seeking to leverage the sparse, but already-existing tower infrastructure, as well as cell sites, masts and other active elements such as network roaming, that Ethio Telecom is maintaining to boost its initial launch, with the telco and its consortium expec...
Safaricom Pulls Staff Out of Ethiopia As War Nears the Capital City
Demonstrators take part in a rally in Addis Ababa, Ethiopia, on November 7, 2021, in support of the national defense forces. Image sourced from Eduardo Soteras, AFP via Business Daily Africa. East Africa’s leading telecom company Safaricom has reportedly evacuated some of its employees from Ethiopia, fearing disruption to its operations due to the ongoing armed conflict and civil unrest in the horn of Africa country. The firm evacuated employees from the country on Wednesday and Friday. Safaricom is part of a larger consortium that is aiming to start operations in Ethiopia sometime next year, after months of negotations with the Ethiopian government. The Safaricom consortium was awarded an operating license in the country by the government for an initial period of 15 years. A number of nat...
Top 10 Largest Telecom Companies in Africa
Sourced from the Guardian Nigeria. The COVID-19 pandemic has spurred digital transformation initiatives across Africa, but it has also affected the revenues of its largest telecommunication firms. Almost all of the companies in this list had their bottom lines affected by the global pandemic either positively or negatively, however, a key trend is clear – customer bases are growing across the board as Africa is steadily developing. These telecoms represent an important technology in the continent, the technology that enables and facilitates communication. A vital innovation for developing economies. The following list takes into account both total annual revenue and current user base/subscribers to rank the telecoms. Here are the top 10 largest Telecom companies in Africa ranked: 10. Globa...
Orange Submits Interest for Stake in Ethio Telecom
Sourced from MSNBC. French telecom firm Orange has submitted an expression of interest to participate in the ongoing partial privatisation of Ethiopia’s Ethio Telecom. This is according to Ethiopia’s ambassador to Paris, sharing the news on Twitter. 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. @MoF_Ethiopia @mfaethiopia pic.twitter.com/vXJxTnYHas — Henok Teferra Shawl (@_HenokTeferra) July 20, 2021 Henok Teferra Shawl said in the tweet that Orange had “formally submitted interest to participate in the partial privatisation of Ethio Telecom.” Saying that discussions with Ora...
Ethio Telecom Partners with Ericsson to Launch 4G Network for South West Ethiopia
Image sourced from FurtherAfrica. Ethio Telecom is partnering with Ericsson to expand its 4G services into the South West region of Ethiopia during 2021. A decisive move that correlates with Ethiopia’s plans into introducing international investors and partners into their monopoly-laden and virtually untapped telecoms space. The service provider will use Ericsson Radio System products and solutions for this deployment. The core expansion will take place in Ethio Telecom’s regional data centres and the data centres in Addis Ababa. Through this partnership, Ethio Telecom will seek to modernise its network by transitioning from the current Operations Support Systems (OSS) systems to the more advanced and high-capacity Ericsson Network Manager (ENM). Ethio Telecom will also introduce Ericsson ...
Ethiopian Government Selling a 40% Stake in Ethio Telecom
Image sourced from Africanews. The Ethiopian government has announced a new tender process to begin the sale of a 40% stake in the state-owned telecommunications company, Ethio Telecom. The sale is still in its very early stages with the selection of a successful bidder expected only at the end of a significantly lengthy process. According to reports, the government plans to retain a 55% stake in the operator while the remaining 5% will be offered to domestic investors through an initial public offering. This new proposed sale of a large minority stake in the telecom comes as part of the Ethiopian government’s plan to liberalise the country’s monopoly in its telecom sector. Another key piece of the plan is for two foreign carriers to be granted licenses to operate in the vast, nearly-untap...
Safaricom to Bid on Opportunity to Expand in Ethiopia
Image sourced from Techweez Safaricom is now one of six companies vying for the chance to claim one of two Ethiopian telecoms licences. This is one opportunity that the telco has been waiting on and one that might grant access to a licence in an economy with more than 100-million people. This comes after the Ethiopian Telecommunication Authority (ECA) issued a statement last year announcing that the country would be open to selling a 40% stake in the state-owned company. In response to this announcement, Safaricom and, its parent company, Vodacom both expressed their interest in buying a stake in Ethio Telecom. According to Bussiness Daily, the ECA has “whittled the list down from a consortium of 12 that had expressed interest in entering the country’s telecommunications market”. The conso...
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...
