0
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.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Ethio Telecom / Safaricom
Countries: Kenya
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Safaricom announces 3 SME fibre internet packages

Published 18 Nov 2019 11:30 CET | Kenya
Kenyan operator Safaricom has announced new internet packages for small to medium sized businesses at affordable costs. There are ...

Vodacom Group, Safaricom mull joint bid of up to USD 1 billion for Ethiopian licence

Published 04 Nov 2019 10:57 CET | Ethiopia
Kenyan operator Safaricom and parent Vodacom Group plan a joint bid for an Ethiopian telecommunications licence that they expect ...

Ethio Telecom revenues rise 21% in Q1, customers up 10%

Published 21 Oct 2019 09:41 CET | Ethiopia
Ethio Telecom saw total revenues rise 21 percent to ETB 10.1 billion in the first quarter of its fiscal year compared with Q1 ...

Ethiopian government may sell majority stake in Ethio Telecom eventually

Published 14 Oct 2019 09:29 CET | Ethiopia
On top of the privatisation plan for 2020, the government will split Ethio Telecom into two businesses, separating services and ...

Ethio Telecom appoints evaluator for assets, seeks advisor for privatisation

Published 07 Oct 2019 10:30 CET | Ethiopia
Ethio Telecom has appointed international consulting firm KPMG to evaluate its assets, and an advisor on its privatisation will ...

Ethiopia seeks adviser for privatisation of telecoms operator

Published 25 Sep 2019 09:06 CET | Ethiopia
Ethiopia is looking for an adviser to help it with the partial privatisation of its state-run telecoms operator, Reuters ...

Ethiopia to issue two telecom licenses, sell minority stake in Ethio Telecom

Published 08 Jul 2019 09:50 CET | Ethiopia
Ethiopia will award two telecoms licenses to multinational mobile companies, Reuters reported, citing a senior official. State ...

Orange sees Ethiopia telecom sector liberalisation taking shape in 2020

Published 25 Jun 2019 10:54 CET | Ethiopia
Orange is one of the leading contenders seeking to benefit from the end of state-controlled Ethio Telecom's monopoly, pushed by ...

Safaricom, Ethio Telecom agree to apply equal voice termination rates

Published 10 Jun 2019 09:20 CET | Ethiopia
Ethiopian incumbent operator Ethio Telecom has reached an agreement with Kenya's Safaricom to apply equal termination tariff ...

Safaricom in talks to launch MPesa in Ethiopia - report

Published 18 Jul 2018 11:49 CET | Ethiopia
Kenyan operator Safaricom is in "advanced talks" with the Ethiopian government to introduce its MPesa mobile money service to ...





Calendar   /   Industry Events

18 Nov CRU World Optical Fiber & Cable Conference
18 Nov MEF19
19 Nov Gilat Satellite Networks Q3 2019
19 Nov MTS Q3 2019
19 Nov Qualcomm analyst day
19 Nov Connections Europe
19 Nov Connected Germany
20 Nov Avaya fiscal Q4
20 Nov Inmarsat Q3 2019
20 Nov Poly investors day
20 Nov Netgear analysts meeting
20 Nov Line developer day
20 Nov Sigfox Connect 2019
20 Nov NexTV Series Central Europe
21 Nov A3 results for Q3
21 Nov Ooma fiscal Q3
22 Nov FCC meeting
25 Nov Palo Alto fiscal Q1
25 Nov MTS Investor Day
26 Nov Analog Devices fiscal Q4
26 Nov Marvell Technology fiscal Q3
26 Nov Partner Communications Q3 2019
26 Nov Tech Data fiscal Q3
26 Nov Dell Technologies fiscal Q3
26 Nov VMware fiscal Q3
26 Nov Telekom Malaysia Q3 2019
::: More Calendar Items