Etisalat Indicates Interest To Enter Ethiopian Telecom Market

Etisalat Indicates Interest To Enter Ethiopian Telecom Market

Emirate telecommunication company, Etisalat has expressed interest to enter the Ethiopian market. This announcement was made in a virtual meeting between Etisalat CEO, Hatem Dowidar and the Ethiopian Minister of State for Finance, Eyob Tekalign (PhD).

Hatem Dowidar disclosed that the telecom company Etisalat has keen interest to enter the Ethiopian telecom market. He expressed the company’s readiness to work with the Government of Ethiopia and market actors to realize investment opportunities.

According to the details of the meeting, the two parties agreed to continue the discussion in Addis Ababa in the weeks to come.

Etisalat was established over four decades ago in the United Arab Emirates as its country’s first telecommunications service provider. Etisalat is slowly becoming the gold standard for telecom operators, with their state-of-the-art facilities, having invested heavily in the telecom sector.

According to a Bloomberg article in 2022, Telecom Talk suggests that Etisalat had increased its stake in Vodafone from 9.8% to 14%. Although it may look like Etisalat has exited some markets, the telecom brand has been building its presence, expanding its network coverage, and deploying new technologies which have impacted economic growth and provided access to digital services. Its focus has been on innovation which can also enhance Ethiopia’s digital capabilities, which would promote digital inclusion.