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General

Safaricom considers buying stake in Ethio Telecom but may start own business from scratch

Monday 14 October 2019 | 09:23 CET | News
Kenyan operator Safaricom is considering buying a stake in Ethiopia's state-owned Ethio Telecom, which has announced the sale of shares through privatisation, reports Business Daily. Safaricom's interim CEO Michael Joseph said that the telecom operator is also considering setting up shop in Ethiopia from scratch. His comments came after Ethiopian authorities began searching for an adviser on the sale of a stake in its national operator, opening up the country's telecoms market to foreign investment for the first time.

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Categories: General
Companies: Ethio Telecom / Safaricom
Countries: Kenya
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