The state-owned Ethio Telecom, a potential candidate for privatisation, generated 36.3 billion birr in revenue during the last fiscal year, a 7 percent rise from the previous year.
Multinational firms are eyeing a slice of the telecom provider after the government announced to liberalise the telecommunications sector, opening up one of Africa’s last remaining state-controlled telecoms markets.
France’s Orange, MTN of South Africa, Britain’s Vodafone Group, the UAE’s Etisalat and Zain of Kuwait are among the companies that have expressed an interest in the firm.