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Wireless

Safaricom Ethiopia consortium agrees funding of new venture

Tuesday 21 September 2021 | 09:34 CET | News
Vodacom said it entered into definitive unconditional agreements together with the other consortium members on 10 September to fund Safaricom Ethiopia, the vehicle for the newly licensed Ethiopian operator. Vodacom said its commitment to fund the Ethiopian unit is limited to its pro rata beneficial shareholding of 6.2 percent, which is not expected to be material.

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Categories: Mobile & Wireless
Companies: Safaricom / Sumitomo / Vodacom / Vodafone
Countries: Ethiopia
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