Ethiopia seeks adviser for privatisation of telecoms operator

NAIROBI: Ethiopia is looking for an adviser to help it with the partial privatisation of its state-run telecoms operator, the finance ministry said on Tuesday.

Ethiopia first announced plans to offer a minority stake in its Ethio Telecom monopoly in July and said that foreign companies will be invited to bid.

A statement from the finance ministry said it requires consultation services to help with the valuation of Ethio Telecom and how much of the business will be sold to private companies.