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General

Safaricom opens talks with consortium partners for Ethiopia entry

Wednesday 19 February 2020 | 09:16 CET | News
Kenyan operator Safaricom has opened talks with undisclosed investors to form a consortium that will this year bid for one of two Ethiopian telecoms licences, reports Business Daily. A consortium is needed because of the high entry costs, which are likely to exceed KES 100 billion. The operator said it was racing to assemble the group of investors ahead of its Ethiopian bid, which is expected in April.

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