June 17, 2019 / 4:07 PM / 4 months ago

Ethiopia to split state telecoms provider into two before privatisation

NAIROBI, June 17 (Reuters) - Ethiopia will split its state telecoms provider into two businesses before it is privatised, state-affiliated media reported on Monday, a key part of the government’s plan to attract foreign investors.

The government will split Ethio Telecom into two business units along infrastructure and service sector lines, state-affiliated Fana Broadcasting quoted Minister of Finance Ahmed Shide as saying.

Reporting by Maggie Fick; writing by Katharine Houreld, editing by Deepa Babington

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