28
Nov
Orange, a prominent French telecom company, initially had aspirations to acquire approximately 45 percent of Ethio telecom's shares. However, the company ultimately withdrew from the deal, citing challenges in swiftly implementing their strategic ideas and achieving desired results. The backdrop of this decision is Ethiopia's ongoing evaluation of its telecommunications market, with the intention of introducing a third telecom service provider alongside the existing state-owned Ethiotelecom and Safaricom, which recently entered the market. In addition to exploring new market dynamics, Ethiopia is also in the process of divesting less than half of Ethiotelecom, attracting interest from international giants such as…
