Home Business Safaricom gets boost as top firms snub Ethiopia bid

Safaricom gets boost as top firms snub Ethiopia bid

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Business Daily | by Victor Juma


Safaricom Plc’s chances of winning one of two Ethiopia telecommunications operating licenses got a boost after it emerged as one of only two bidders to participate in the auction that closed on Monday.

The Ethiopian Communications Authority (ECA) announced that it received bids from a consortium comprising the Nairobi Securities Exchange-listed firm and MTN International Mauritius, a subsidiary of South Africa’s MTN Group.

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