Ethiopia's telecommunications regulator awarded one operating licence to a consortium led by Kenya's Safaricom Vodafone, and Japan's Sumitomo Brook Taye, a senior adviser at the finance ministry, said on Saturday.
-Ethiopia s telecommunications regulator awarded one operating licence to a consortium led by Kenya s Safaricom Vodafone, and Japan s Sumitomo Brook Taye, a senior adviser at the finance ministry,.
Safaricom Wins Ksh 91B License in Ethiopia
Safaricom House buildings along Waiyaki Way, Nairobi pictured on March 6, 2020.
Simon Kiragu
Kenyans.co.ke
A group consisting Vodafone, Vodacom Group Limited and Safaricom has been awarded a new telecommunication license by the Ethiopian government.
The group presented a bid of Ksh91 billion edging out South Africa s MTN whose bid was Ksh65 billion.
The license will help the consortium create 1.1 million jobs in 10 years at a cost of Ksh919 billion and cover the country with a 4G service by 2023. This will be the single largest foreign direct investment in Ethiopia s history. The Council of Ministers has unanimously made a historic decision today allowing Ethiopian Communications Authority to grant a new nationwide telecom license to the Global Partnership for Ethiopia which offered the highest licensing fee and a very solid investment case. Prime Minister Ahmed Abiy announced on his social media pages