John Ngumi resigns as Safaricom chair after 5-month stint capitalfm.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalfm.co.ke Daily Mail and Mail on Sunday newspapers.
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BUSINESS NEWS
Safaricom is leveraging on a new consortium to make an entry into the vast Ethiopian telecommunications market in a move meant to grow its revenues and market share to a new high.
In a statement released on Monday, the Ethiopian Communications Authority (ECA) said Safaricom was one of the members of a consortium that includes Vodacom Group Ltd (South Africa), Vodafone Group Plc (UK), CDC Group Plc (UK) and Sumitomo Corporation (Japan), that submitted bids for a nationwide telecommunication service licence.
“We are delighted to have had interest from established telecoms operators from around the world, commensurate with this unprecedented opportunity, including from Africa’s two telecommunications giants MTN and the Vodafone-Vodacom consortium including Kenya’s largest telecoms provider Safaricom,” said Balcha Reba, ECA Director-General.
Safaricom consortia, MTN eye Ethiopia s 112m market standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.