Safaricom-led consortium wins Ethiopian telecom licence for USD 850 mln

Monday 24 May 2021 | 09:56 CET | News
The Ethiopian Communications Authority (ECA) has announced that it has awarded an operating licence to the consortium Global Partnership for Ethiopia, which is led by Safaricom and includes Vodafone, Vodacom, Sumitomo and UK development finance agency CDC Group. Prime Minister Abiy Ahmed said the consortium won the licence after submitting a financial bid of USD 850 million.

Thank you for visiting Telecompaper

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.


Already registered?

Categories: General
Companies: Ethio Telecom / MTN / Safaricom / Sumitomo / Vodafone
Countries: Ethiopia
::: add a comment

Add comment

Please login or register to leave a 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.


Ethiopia calls for interest in second full-service telecom licence

Published 29 Sep 2021 10:02 CET | Ethiopia
The Ethiopian Communications Authority (ECA) has published a request for proposals for its second new full-service ...

Safaricom Ethiopia consortium agrees funding of new venture

Published 21 Sep 2021 09:34 CET | Ethiopia
Vodacom said it entered into definitive unconditional agreements together with the other consortium members on 10 September to ...

Ethiopia seeks bids for partial privatisation of Ethio Telecom

Published 14 Sep 2021 16:13 CET | Ethiopia
Ethiopia has released a request for proposal for the partial privatisation of Ethio Telecom, inviting proposals from interested ...

EU watchdog approves Vodafone, Safaricom venture for Ethiopia

Published 08 Sep 2021 13:26 CET | Ethiopia
The European Commission (EC) has cleared a joint venture created between Safaricom and its parent firm Vodafone to enter the ...

MTN may not resubmit bid for Ethiopian licence amid military conflict - report

Published 06 Aug 2021 10:16 CET | Ethiopia
MTN Group says it may not resubmit a bid for the sale of a second telecom licence in Ethiopia amid the conflict there, Bloomberg ...

Ethiopian govt to reopen bids for second telecoms licence, to include mobile money

Published 03 Aug 2021 10:27 CET | Ethiopia
Ethiopia will reopen bidding for its second telecoms operator licence in August, Reuters reported, citing two senior government ...

Safaricom shareholders approve plan for Ethiopia operations in 2022

Published 02 Aug 2021 10:40 CET | Ethiopia
Safaricom shareholders have approved the setting up and incorporation of the Safaricom Telecommunications Ethiopia, which will ...

Orange submits interest for stake in Ethio Telecom

Published 21 Jul 2021 09:01 CET | Ethiopia
Orange has submitted an expression of interest to participate in the ongoing partial privatisation of Ethiopia's Ethio Telecom ...

Ethiopian regulator issues licence to Safaricom-led consortium

Published 15 Jul 2021 10:21 CET | Ethiopia
The Ethiopian Communications Authority (ECA) said it has issued a telecoms licence to the Global Partnership for Ethiopia (GPE), ...

Ethio Telecom reports 18% rise in FY revenue, subscribers up 22%

Published 14 Jul 2021 10:15 CET | Ethiopia
State-run Ethio Telecom said its revenue increased by 18.4 percent to ETB 56.5 billion for the year ended 30 June, Reuters ...

Ethiopian smartphone shipments rise 10% in Q1

Published 30 Jun 2021 11:17 CET | Ethiopia
Ethiopia's smartphone shipments increased 9.8 percent in Q1 2021, according to a market monitor report by Counterpoint Research. ...

Safaricom plans to retain dividend policy despite Ethiopia cash demands

Published 28 Jun 2021 10:13 CET | Kenya
Kenyan operator Safaricom says it will maintain a dividend policy of paying out 80 percent of its net profit despite committing ...

Angolan govt urges Kenya's Safaricom to invest in market

Published 21 Jun 2021 10:48 CET | Angola
Angola's Minister for the Economy and Planning, Sergio Santos, is encouraging Kenyan telecoms operator Safaricom to invest in ...

Kenyan president urges Ethiopia to open up mobile money market

Published 09 Jun 2021 10:18 CET | Ethiopia
Kenyan President Uhuru Kenyatta has called on Ethiopia to open up its telecoms sector to private mobile money business investors ...

Safaricom consortium pays Ethiopian licence fee

Published 08 Jun 2021 11:07 CET | Ethiopia
The consortium led by Safaricom has paid the USD 850 million licence fee needed to start providing telecom services in Ethiopia, ...

MTN Group considers Ethiopian market again

Published 01 Jun 2021 09:47 CET | Ethiopia
MTN Group says its considering having another go at becoming a mobile operator in Ethiopia, after losing to Kenya's Safaricom-led ...

Safaricom drops interest in Ethio Telcom after securing licence

Published 26 May 2021 10:14 CET | Kenya
Kenyan operator Safaricom says it is no longer interested in a stake in Ethiopia's state-owned Ethio Telecom after a consortium ...

Safaricom forms Vodafamily Ethiopia Holding

Published 26 May 2021 10:10 CET | Ethiopia
Kenyan operator Safaricom has disclosed the exact ownership structure of the consortium that on 22 May won a licence to enter the ...

Global Partnership for Ethiopia plans to start providing services in 2022

Published 25 May 2021 15:17 CET | Ethiopia
The Global Partnership for Ethiopia, which has been awarded a licence to operate telecom services in Ethiopia, says it aspires to ...

Safaricom raises controlling stake in Ethiopian licence bidder to 56%

Published 19 May 2021 10:08 CET | Ethiopia
Kenyan operator Safaricom has raised its controlling stake in Global Partnership for Ethiopia, the consortium that has made a bid ...

Ethiopian PM says ban on mobile money from telecoms licences costs it USD 500 mln in bidding

Published 13 May 2021 11:23 CET | Ethiopia
Ethiopian Prime Minister Abiy Ahmed says the decision to exclude mobile money from the terms of two new telecom licenses has cost ...

Ethiopian regulator receives bids for operating licences from MTN, Vodafone consortium

Published 26 Apr 2021 14:54 CET | Ethiopia
The Ethiopian telecoms regulator said that it has received two bids for telecommunications licences from the MTN Group and a ...