Ethiopia's state-owned Ethio Telecom sold only 10.7% of the shares in its initial public offering in which the government sought to trim its equity in the firm. The IPO is part of the government of ...

Ethiopian telco Ethio Telecom has announced the final plan for its copper switch-off initiative. The carrier revealed plans to transfer the remaining 100,000 customers on its copper network over to ...

Ethio Telecom expects 45% jump in full-year revenue, says CEO Ethio Telecom expects full-year revenue to jump by 45.5% in the year to June 2026, driven by increased customer numbers and higher data ...

In a bid to make Ethiopia’s telecom sector competitive with neighbor countries, Ethiopia needs to invest around USD5 billion in additional investments, says ...

ADDIS ABABA (Reuters) - State-run Ethio Telecom, which has invited private investors to buy a stake in it, reported a 18.4% rise in full year revenue to end-June to 56.5 billion birr ($1.29 billion), ...

Ethiopia’s state-owned Ethio Telecom sold only 10.7% of shares in its initial public offering aimed at boosting investment in the country’s struggling economy. The mobile operator raised 3.2 billion ...

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State-owned Ethio Telecom launched pre-commercial 5G services in Ethiopia’s capital Addis Ababa, the latest major development in the country ahead of the market opening up to international players.

The Ethiopian incumbent has been embroiled in the privatisation process for years, making the sale of an initial 10% stake something of a landmark. However, there has been some misinformation in the ...

According to a Bloomberg report, the plan was for the government to raise 300 billion birr ($224.3 million) by offloading 100 million shares in the state-owned incumbent. It hasn't quite panned out ...

During the IPO, which commenced on October 16 and closed on February 14, Ethio Telecom sold 10.7 million shares out of 100 million on offer, Chief Executive Officer Frehiwot Tamiru said at a press ...