Etio telecocom to try again after the initial IPO gives bad results

Only 10.7 percent of 100 million

By Samuel Abate

Ethiol Telecoc Indents to issue new non-educated new stocks to raise 10 per cent to the bad results.

The sacrifice, which began in October 2024 and had 4 months long, more shared by 10.7 million shares worth 3.2 billion.

The lower purchase restriction is set in 33 shares, while the ceiling is 3,333 shares.

– Advertise-

The company, which has all assets worth 300 billion birr, was intended to increase 30 billion birr. However, actual sales and run with only 10 percent of the target.

During the press conference this week, CEO Frehiwot Tamiru is regarded with the only purchase specialist, and deficiency of the sales specialist.

“Conversation is currently undergiving with the concerned part of the remaining shares, and the next sale of the government.”

CEO does not comment on Ethicial Methods Maps to Use Birr 3.2 billion kip raised from stock. However, she confirmed that the stock allocated process has begun.

She also listed that only Ethiopian population would be eligible to buy shares in Ethio Telecom to coming.