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Ethio Telecom lists 100 million shares at $2.54 each

Summary by technext24.com
Ethiopian state-owned Telecommunications Company, Ethio Telecom has announced a sales price of 300 birr ($2.54) for each of the 100 million shares it plans to list on Ethiopia’s new stock market. According to CEO, Frehiwot Tamiru, the shares will be sold via the company’s mobile payment platform. Frehiwot also noted that a 10% stake in the company will be offered to Ethiopians. “This is a historic moment,” he said. Ethio Telecom will eventually …
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