RISKS AND OPPORTUNITIES OF LATE TELCO PRIVATISATION THE CASE OF ETHIO TELECOM LISHAN ADAM WITH HENOCK FANTAHUN AND ONKOKAME MOTHOBI ACKNOWLEDGEMENTS This independent research is made possible through a grant from the Canadian International Development Research Centre (IDRC). The views expressed in this paper do not reflect those of the IDRC. The author would like to thank Henock Fantahun for undertaking the very difficult task of gathering the background data and information that made this study a success, Onkokame Mothobi for undertaking the benchmarking Ethiopia against selected African countries, and the editor, Alison Gillwald, for her invaluable input into earlier drafts. RIA Policy Paper Series No. 7, Vol. 5, After Access Steps and issues in the privatisation of the telecommunication sector in Ethiopia https://researchictafrica.net/2019_after-access-steps-and-issues-in-the-privatisa- tion-of-the-telecommunication-sector-in-ethiopia/ January 2019 SERIES EDITOR: ALISON GILLWALD Proofreading and style edit: Jenny Schnetler Layout and design: Karen Lilje
[email protected] Research ICT Africa 409 The Studios, Old Castle Brewery, 6 Beach Road, Woodstock, 7925, Cape Town, South Africa Tel: +27 21 447 6332 | Fax: +27 21 447 9529 International Development Research Centre Centre de reserches pour le développement international ii CONTENTS Executive summary iv Tables and figures v List of abbreviations vi 1. INTRODUCTION 1 2. THE TELECOMMUNICATIONS ENVIRONMENT 4 2.1 A Supplier Credit Loan for the Telecom Sector Development 4 2.2 A Cash Cow or a Low Free Cash Flow? 6 2.3 The Consequences of Public Monopoly on Telecom Development in Ethiopia – a cross-country comparison 8 2.4.