MTN, a South Africa-based multinational mobile telecommunications company, said it was interested to enter into Ethiopian market following the government’s plan to privatize public enterprises. MTN stated its intention during a meeting held between Heads of MTN and President Mulatu Teshome who received the delegation yesterday, October 3. 

According to the president, the objective reality of the country will be taken into account during the privatization process. The president also said the process would be held in a transparent manner.

Ethiopia recently declared that it would open up its economy for foreign investors and partially privatize different sectors including air transport, telecommunication, railway, and power generation. This decision is expected to attract foreign companies into investing in the country.

About MTN

MTN is a global player that operates in 22 markets in Africa and the Middle East. The company offers e-commerce and digital services in music, financial services and entertainment. As a socially responsible company, MTN, through its philanthropic arm the MTN SA Foundation, MTN leverages the power of connectivity to facilitate access to education and healthcare, and fosters the development of entrepreneurship and the arts.

Through its sponsorship portfolio, MTN sponsors a variety of properties in football, rugby, music and lifestyle. MTN sponsors the Premiership knockout competition known as MTN8, the Springboks, the national rugby team, Joyous Celebration, a popular gospel ensemble, and Afrikaans is Groot, a renowned Afrikaans music festival.

Source: Fana BC and MTN SA official website