Report forecasts record high telecom investment in Africa – New Business Ethiopia - News Summed Up

Report forecasts record high telecom investment in Africa – New Business Ethiopia


Following Ethiopian Government decision to liberalize its telecom market by partly privatizing the state owned telecom service provider – Ethio Telecom, South Africa based TMT Finance forecasts a record high growth in telecom investment in Africa in 2019. The report stated that following the announcement of Ethiopian government to privatize and liberalize its telecom market, pan-African telecom operators MTN, Orange and Vodacom are among those vying to enter Ethiopian telecom market of 105 million population. Privatizations of telecom assets are also planned for Togocom and Benin Telecom in West Africa, with consolidation investments expected in Kenya and Tunisia, according to the report. “Meanwhile,” the report says, “Airtel has hired banks for an IPO of its entire Africa portfolio while several telcoms are bidding for Millicom’s assets. The attendants of the conference also include, Angola Cables, Standard Bank, IFC World Bank, DLA Piper, Rand Merchant Bank, WIOCC, Paix Data Centres, BCX, European Investment Bank, Investec Asset Management, GreenWish Partners and others.


Source: News Business Ethiopia February 12, 2019 13:07 UTC



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