France Telecom has signed a two-year contract to take over the management of Ethiopia's state-owned monopoly telecoms network, the recently rebranded Ethio Telecom. Depending on meeting performance standards, France Telecom will earn up to EUR 30 million (US$40 million) for the two-year contract.
Accounting systems will be modernized and new services introduced, Ethio Telecom chief executive officer Jean-Michel Latute said.
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