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According to a banker with knowledge of the auction, when the new Ethiopian government decided two years ago to reverse its decades-old policy by opening the
Ethiopia Awards New Telecoms License to Vodafone2021-05-252021-05-25http://www.liquidafrica.com/wp-content/uploads/2015/12/LA-Logo.pngliquidafricahttp://www.liquidafrica.com/wp-content/uploads/2015/12/LA-Logo.png200px200px
Ethiopia awarded a new telecommunication license to a consortium including the U.K.’s Vodafone Group Plc, paving the way for a long-awaited opening of the sector to outside investors.
The government also called off the sale of a second new permit, but will invite fresh bids from international wireless carriers after some policy adjustments, according to Brook Taye, a senior adviser at the Ministry of Finance.
The winners Vodafone, Vodacom Group Ltd., in which the British carrier has a majority stake, and Nairobi-based Safaricom Ltd. will invest $8.5 billion in their network during the coming 10 years, including the license fee, he said from the capital, Addis Ababa. Others include CDC Group Plc and Sumitomo Corp.
Ethiopia has is introducing competition to its telecoms services marketFull-service license awarded to consortium led by Vodafone and its associatesMTN was als…
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Safaricom, alongside parent company Vodafone, has been awarded one operating licence by Ethiopia’s telecommunications regulator. The telco is expected to pay $850 million for the licence.
According to
Reuters, the consortium – led by Safaricom – plans to invest up to $8.5 billion in infrastructure as well as create up to one and a half million jobs.
Ahmed adds, “with over $8 billion total investment, this will be the single largest FDI into Ethiopia to date. Our desire to take Ethiopia fully digital is on track. I would like to thank all that have taken part in this and for pulling off a very transparent and effective process.”