Ethiopia Gets Step Closer to Issuing New Telecom Licenses

Via Bloomberg, an article on Ethiopia’s movement to liberalize its telephony sector:

Ethiopia moved closer to liberalizing one of the world’s final frontiers for telecommunications by publishing the final draft of directives that mention spectrum permits will be valid for 15 years. 

 The Ethiopian Communications Authority will hold consultations on the proposed rules for 14 days ending May 11, the agency said in a statement on its website. It will review and “consider the comments in adopting the directives” on issues including licensing, consumer rights and dispute resolution.
Prime Minister Abiy Ahmed’s administration wants to offer two new licenses and sell part of the state-controlled monopoly, Ethio Telecom, to help liberalize the economy and attract more foreign capital. Vodacom Group Ltd.MTN Group Ltd., Orange SA and Helios Towers have expressed interest in investing in Africa’s second-most populous nation of more than 100 million people.

The issuance of licenses for operations including mobile-network services will be by auction, beauty contest or a hybrid. The communications regulator would need to approve a proposed transfer of stake to an investor already holding, or will get from the deal, 10% shareholding or more in a business, according to the statement.



This entry was posted on Saturday, May 2nd, 2020 at 12:39 pm and is filed under Ethiopia.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

Comments are closed.


ABOUT
WILDCATS AND BLACK SHEEP
Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.