Addis Daily News ስለ ኢትዮ ቴሌኮም አክሲዮን ሽያጭ ዝርዝር መረጃ | የብር ዋጋ አሽቆለቆለ – ETHIOPIA
ስለ ኢትዮ ቴሌኮም አክሲዮን ሽያጭ ዝርዝር መረጃ | የብር ዋጋ አሽቆለቆለ - ETHIOPIA
Ethio Telecom, a state-owned entity, has declared its intent to sell 10% of its shares to the public. This represents a notable transformation in the country's telecommunications sector. The company has experienced significant financial growth over the past three years, with reported net profit of 19 billion birr as of 30 June, 2024, 18 billion birr as of 30 June, 2023, and 9 billion birr as of 30 June, 2022.
The public share sale, set to commence on 23 October, 2024, is a part of the Ethiopian government's larger economic reform strategy, with the objective of bolstering private sector involvement in the telecom sector. At the time of the announcement, Ethio Telecom held one billion shares, with an estimated value of 100 billion birr. Of this total, 100 million shares will be made available to the public, priced at 300 birr per share.
Ethio Telecom intends to divest 10% of its total shares, while the government wil…
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