He said the next phase of his strategy would focus on driving shareholder returns through deleveraging, improving the return on capital, and committing to its dividend.
Vodafone, Vodacom, the United Kingdom's CDC Group and Japan's Sumitomo Corporation are also part of the consortium, the finance ministry said in a post on Twitter announcing the two bids it had received.
The licences will pave the way to open up Ethiopia's telecoms industry, which is considered the big prize in the country's push to liberalise the economy.
The company is expected to reap 2.13 billion euros from the deal, assuming that an overallotment option is not exercised, one of the deal organisers added.
The British-based operator had set the initial price range for the flotation of Vantage Towers at 22.50 to 29 euros per share, before narrowing that to 24-25 euros this week. It had targeted proceeds of 2-2.8 billion euros.
In March last year the regulator fined TIM 116 million euros for abusing its position in the broadband market in an attempt to obstruct the entrance of rivals.
In its 2020 annual financial report the former Italian phone monopolist said it would dispute the claims in court "with solid arguments".
Financial daily Hospodarske Noviny reported on Monday that CEZ, central Europe's largest listed energy group, was interested in buying Vodafone's Czech business.
Shares in CEZ, 70% owned by the state, were down 0.4% to 518 crowns by midday on Monday, outperforming the market.
He noted Orange CEO Stephane Richard's recent comments to the Financial Times that the French group was open to towers cooperation, while adding that no talks were taking place.
The two banks boast a close relationship with Vodafone and both pitched to become joint global coordinators in the listing, which is expected early next year.
Goldman Sachs has also pitched for a top job in the initial public offering (IPO) and hopes to be in the driving seat.
Andrea Dona, head of networks Vodafone UK, told a committee of lawmakers the operator needed to have a "sensible time scale" of several years to implement any further Huawei restrictions.
Rival BT told the same committee it needed a minimum of five years, and ideally seven, to remove Huawei from its network.
