Ethiopian government is set to award Telco licenses to multinational mobile companies by the end of the year. Government officials have already looked at several potential options, including the sale of a minority stake in Ethio Telecom, granting of new licenses to multiple telecoms operators or a combination of both.
Meanwhile, the parliament has approved a law to create an independent telecommunications regulator. This comes as the country presses on with plans to break the monopoly of state-owned Ethio Telecom and allow non-domestic investors into the sector.
Minister of Innovation and Technology, Getahun Mekuria, announced the move on social media, adding it was a “huge step” in reforming the telecommunications sector. Senior executives from both MTN Group and Vodacom have previously voiced ambitions to move into Ethiopia.
Getahun also announced during a week long innovation expo held last week the government’s plan to provide internet connectivity to more than 1000 Woredas across the country.