Telecom privatization by Ethiopia seizes German attention T-Systems – New Business Ethiopia

He made the remark this afternoon during the meeting with the Ethiopian Minister of Finance and Economic Cooperation. Abraham Tekeste in Addis Ababa. It was about a month ago that the Ethiopian government announced its plan to sell a minority share of its 128-year-old state monopoly, Ethio Telecom.

"Deutsche Telecom will bid for a share in Ethio Telecom," Minister Gerd Muller told reporters.

Although very widespread across Europe, in Africa Ethio Telecom is only active in South Africa that owns 70% of T-Systems South Africa Limited. Unlike Europe, the telecom giant is active in several countries in Asia, such as India, Malaysia, China and Singapore, which own a 100% stake in T-Systems.

T-Systems is also active in the US, Canada, Mexico, Argentina and Brazil, according to the profile of the Deutsche Telekom Group.

Following the announcement by the Ethiopian government to sell its minority share in Ethio Telecom, the German government is the first to show official interest at the higher official level, although many telecom companies from around the world have reflected their interest in various publications.

Deutsche Telekom is one of the world's leading integrated telecommunications companies, with approximately 168 million mobile customers, 28 million fixed network lines and 19 million broadband lines.

Source link

Leave a Reply