Ethio Telecom is Opening Its Doors to The General Public
For the first time in its 130-year history, Ethio Telecom is opening its doors to the public, offering a rare chance for local investors to own a part of Ethiopia's telecommunications giant.
Ethio Telecom has been one of the oldest communication corporations in Africa dating back to 1894. It has been a state-owned corporation ever since its establishment. But now that is going to change. Ethio Telecom has offered local investors a chance to participate. That is right. Ethio Telecom now offers its 10% stake via tele-birr through a public offering. The sale, which will last from October 16, 2024 to January 3, 2025, debuted at a price of ETB 300 per share, where investors can buy a minimum of 33 shares (ETB 9,900) and a maximum of 3,333 shares (ETB 999,900).
What is a public offering?
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