Page 27 - Ethiopian Communications Authority News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ethiopia shuns China-backed consortium in favour of US Sun Online Desk Representational Image Washington has gained a major victory in its push to challenge Beijing s economic influence around the world as a US-backed consortium beat another financed by China in a closely watched telecommunications auction in Ethiopia. According to The Wall Street Journal (WSJ), Ethiopia said on Saturday that it tapped a group of telecommunications companies led by the UK s Vodafone Group PLC to build a nationwide 5G-capable wireless network. The group had financial backing from a newly created US foreign aid agency for the multibillion-dollar project. The losing bidder was South Africa s MTN Group Ltd., whose proposal was financed partly by a Chinese investor.

South africaRed seaDjibouti generalUnited statesZemedeneh negatuEthiopian communications authorityFairfax africa fundGroup of south africaCorp as washingtonUnited kingdom vodafone groupGroup ltdInternational development finance corporationSamsung electronicsChina huawei technologies coWall street journalUnited kingdom