The recent announcement of stocks from Ethio Telecom marks a milestone in Ethiopia’s capital market. The state-owned telecom company has set the price for its shares at 300 Birr each. Local investors can participate in the country’s first public offering of shares.
Here’s everything you need to know about purchasing Ethio Telecom stocks.
Ethio Telecom plans to sell 100 million shares with a minimum purchase requirement of 33 shares. An investor must pay at least 9,900 Birr to acquire these shares. The maximum limit for purchasing shares is 3,333, amounting to 999,900 Birr.
Ethio Telecom could earn up to 30 billion Birr if all shares are sold.
Purchase Timeline for Ethio Telecom stocks
The share sale opens on October 16, 2024, and will remain available until January 3, 2025. Ethio Telecom will announce the details of shareholders on January 31, 2025.
Payment Method
Purchasing shares will exclusively occur through the mobile payment platform Telebirr. Buyers must complete their transactions within 48 hours of initiating the purchase.
Steps to Purchase:
- Register for Telebirr by dialing *127# or downloading the app.
- Access the Telebirr app or menu and navigate to financial services.
- Select the share purchase option.
- Enter the number of shares you wish to buy.
- Confirm your transaction and complete the payment.
Investors will receive a confirmation message once their transaction is successful.
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