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Wireless

Safaricom sees drop in Ethiopia licence bid price after govt restricts mobile money to domestic firms

Monday 16 November 2020 | 09:46 CET | News
Disclosures contained in a transcript call covering events to the end of July, said Business Daily, reveal that Safaricom sees a licence without mobile money hurting profitability and lengthening the period to recoup the investment. CEO Peter Ndegwa said a licenve that does not include a mobile money license will significantly reduce the level of profitability and therefore in essence, Safaricom's bid price for the licence but also the profitability and payback period.

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