In a press statement delivered on April 17, 2025, CEO Frehiwot Tamiru revealed that a total of 47,377 investors purchased approximately 10.7 million shares. Out of the 100 million shares made available for public sale, each investor was limited to a maximum purchase value of one million birr to ensure equitable access.
Tamiru noted that both domestic banks and members of the Ethiopian diaspora expressed interest in participating in the emerging capital market. Further announcements will be made as the application process for institutional investors continues.
She emphasized that the share sale not only raised significant capital but also fostered a strong digital culture, marking a pioneering moment for both Ethio Telecom and the nation. The entire share purchase process was conducted digitally, a first of its kind in Ethiopia, reflecting a growing shift towards modern financial systems.
Ethio Telecom stated that final results will be disclosed following approval from the Capital Market Authority regarding share allocation. The company also assured that the full details of the sale process will be released transparently, with all shareholder rights protected throughout.