Skip to content
Headlines

Safaricom Wins Ethiopian Telecom License

BY Soko Directory Team · May 22, 2021 03:05 pm

KEY POINTS

Safaricom has finally won the Ethiopian bid.

Ethiopia’s telecommunications regulator awarded one operating licence to a consortium led by Kenya’s Safaricom (SCOM.NR) and Japan’s Sumitomo (8053.T), Brook Taye, a senior adviser at the finance ministry, said..

The consortium, which includes Vodacom (VODJ.J), Vodafone (VOD.L), and British development finance agency CDC Group, paid $850 million for the licence, Brook said. South Africa’s MTN (MTNJ.J) had also bid for a licence.

Africa’s second-most populous country is hoping that the opening of one of the world’s last major closed telecoms markets will create millions of online job opportunities.

Trade Smarter, Grow Faster with Kingdom Bank Trade Finance

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

Trending Stories
Government and Policy TSC Plans Mass Transfer Of Teachers Amid Staff Balancing Exercise Getrude Mathayo
Headlines Beyond Sympathy and Politics: The Hard Lessons in the Raphael Tuju Debt Dispute Soko Directory Team
Entrepreneur's Corner I Had a Friend — Until I Realized the Friend Was Me Steve Biko Wafula
Government and Policy NYS Announces Nationwide Recruitment Drive, Deadline And How To Apply Getrude Mathayo
Investment Equity Bank’s Profits After Tax Hit Ksh 75.5 Billion, Becomes Most Profitable In The Region Soko Directory Team
Related Articles
Government and Policy Why Teachers Could Lose Access To Healthcare From May, TSC Warns Getrude Mathayo
Headlines Kenya To Take Charge of Vaccine Funds Under New Global Health Financing Model Soko Directory Team
Entrepreneur's Corner I Had a Friend — Until I Realized the Friend Was Me Steve Biko Wafula
Government and Policy Students Eligible For Scholarships Ahead Of KUCCPS Applications Getrude Mathayo
Government and Policy NYS Announces Nationwide Recruitment Drive, Deadline And How To Apply Getrude Mathayo
Explore Soko Directory
Banking Blogging Commodity Watch Did you know Entertainment Entrepreneur's Corner Feature Government and Policy Headlines Investment Lifestyle Market News Money Opinion Press Releases Stock Watch Technology
Soko Directory Archives