Kenya s Safaricom bids for Ethiopia telecom licence
Monday April 26 2021
Summary
Ethiopia is expected to assess the bids within a one-month window and announce the successful firms by May.
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Safaricom has made a formal bid to get a licence to operate in Ethiopia one of the world s last major closed telecoms markets, the company announced on Monday.
In a notice to shareholders, the telco said it is submitting its proposal through a consortium it is leading with its parent firms Vodafone and Vodacom, British development finance agency CDC Group and Japan s Sumitomo Corporation.
Ethiopian authorities had told the
Business Daily earlier that the Horn of Africa nation would award two telecoms licences to multinational mobile companies next month after pushing forward the deadline in response to requests for extension from interested bidders.
AfricaEthiopia receives two bids for two telecoms operating licences
Reuters
3 minutes read The logo of MTN is pictured in Abuja, Nigeria, September 11, 2018. REUTERS/Afolabi Sotunde/File Photo
Ethiopia s finance ministry said on Monday it had received two bids, from South Africa s MTN (MTNJ.J) and a consortium including Kenya s Safaricom (SCOM.NR), for new telecoms operating licences.
The announcement is the latest step in the Horn of Africa nation s efforts to liberalise its economy. The country of 110 million people has one of the world s last closed telecoms markets.
Vodafone (VOD.L), Vodacom (VODJ.J), the United Kingdom s CDC Group and Japan s Sumitomo Corporation are also part of the consortium, the finance ministry said in a tweet announcing the two bids it had received.
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