Safaricom led consortium to start Ethiopia operations in 2022

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Kenyan Wall Street | by Business Reporter


A license to operate telecommunication services in Ethiopia was on Saturday awarded to Kenya’s telco giant Safaricom in a consortium made up of Vodafone, Japan’s Sumitomo, and UK finance agency CDC Group.

The consortium, dubbed “Global Partnership for Ethiopia” paid $850 million for the license, beating South Africa’s MTN…

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