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France’s Telecom Giant Orange Withdraws from Ethio Telecom Sale Process: Reuters
France’s telecom giant Orange has opted to withdraw from the bidding process to acquire a potential 45% stake in Ethio Telecom, as reported by Reuters. This development marks another setback for the Ethiopian government, following the recent cancellation of a second private telecoms license due to insufficient market interest.
Ethiopia initiated the tendering process for a 40% stake in Ethio Telecom in June 2021, but economic conditions led to a postponement in March 2022. The process was subsequently revived in November 2022, with an increased stake offering announced in February.
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France’s Telecom Giant Orange Withdraws from Ethio Telecom Sale Process: Reuters
France’s telecom giant Orange has opted to withdraw from the bidding process to acquire a potential 45% stake in Ethio Telecom, as reported by Reuters. This development marks another setback for the Ethiopian government, following the recent cancellation of a second private telecoms license due to insufficient market interest.
Ethiopia initiated the tendering process for a 40% stake in Ethio Telecom in June 2021, but economic conditions led to a postponement in March 2022. The process was subsequently revived in November 2022, with an increased stake offering announced in February.
#IBC #innovation #incubation #business #technology #entrepreneur #startups
👍 Join your family and friends
🔴TG: https://t.me/IBC_hub
🔴 IG: https://instagram.com/ibc_hub1
🔴 Fb: https://facebook.com/groups/332255529482146/