Safaricom invests initial KES 67 bln in Ethiopian venture

Monday 15 November 2021 | 09:49 CET | News
Kenyan operator Safaricom is investing an initial KES 67 billion in Ethiopia for its new telecommunications partnership, The Nation reported. The amount is Safaricom's contribution to the start-up costs and operating licence, for which the consortium paid USD 850 million. The consortium will spend more on infrastructure and other costs to operationalise the business.

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Categories: Mobile & Wireless
Companies: Safaricom
Countries: Ethiopia
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