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Of second chances, strange logic, share dealings and votes
US sanctions could give MTN a second crack at Ethiopian telecoms licence, CompCom confounds with Burger King decision, share dealings at Sibanye-Stillwater ⦠and it seems something is up at Mpact. 00:01
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It looks as though the apparently attractive Ethiopian telecommunications market might still be wide open for MTN.
Just over two weeks ago the Ethiopian government announced that the MTN-led consortium had failed to secure the first of two licences that were up for sale. The winning bid was led by the UKâs Vodafone and included Kenyaâs Safaricom, Sumitomo of Japan and, crucially, the Washington-based International Development Finance Corporation (DFC). MTNâs consortium included Chinaâs Silk Road Fund.
‘It s quite ironic that a broad-based BEE grouping now is impacted by something which was put in place for broad-based BEE previously disadvantaged participants”: Bravura head of corporate finance Soria Hay.