Ethiopian telecoms sector requires 'huge' investments: minister, Telecom News, ET Telecom - News Summed Up

Ethiopian telecoms sector requires 'huge' investments: minister, Telecom News, ET Telecom


ADDIS ABABA: Ethiopia could require as much as $2.2 billion to modernise its creaking, overburdened telecoms sector, a senior government official told Reuters on Wednesday. "The need for (telecoms) infrastructure investment is huge," State Minister of Finance Eyob Tekalign Tolina said in an interview. "We have said clearly that public investment has run out of steam. We are not going to do unsustainable public investment. "Our vision is to see Ethio Telecom to start taking loans without necessarily requiring the government sovereign guarantee ... (bringing) Ethio Telecoms to the level of Ethiopian Airlines in terms of the credit rating," he said, referring to the state-run carrier, which has become a major African success story.


Source: Ethiopian News June 12, 2019 18:33 UTC



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