News update about OMN

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Ethiopian News - Another controversial thing by OMN.

The Ethiopian government is undertaking a radical telecom reform program that aims at liberalizing the telecom market. The Ethiopian Communications Authority is in the process to grant two licenses for international telecom operators. 

 

 

The Ministry of Finance, which is spearheading the telecom reform program, is looking for a strategic partner that would acquire a 40 percent stake on the state monopoly.   As part of that effort Ethio Telecom has hired the international consulting firm KPMG to conduct asset valuation work. 

 

 

Frehiwot told The Reporter that KPMG has completed the asset evaluation work. “They have presented the first and second report for review. We will reveal the report in about two weeks,” Frehiwot said. In a related news, the Ethiopian government has decided to deny entry to telecom infrastructure companies. 

 

 

Telecom infrastructure companies that builds and lease telecom towers were vying to enter the Ethiopian market. Several companies have approached Ethiopian authorities. The management of Ethio Telecom protested the attempt to allow foreign telecom infrastructure firms to cater the service locally. 

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Ethiopian News
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