Safaricom still plans to launch operations in Ethiopia in mid-2022 despite unrest

Thursday 11 November 2021 | 10:26 CET | News
Kenyan operator Safaricom is confident of its plans to launch commercial operations in Ethiopia in June 2022, amid unrest there. CEO Peter Ndegwa told a virtual investor briefing that the company is forecasting capital expenditure of between USD 1.5 billion and USD 2.0 billion over the first five years in order to meet its licence coverage obligations. Ndegwa said together with partners, Safaricom has obtained funding to support Safaricom Telecommunications Ethiopia, which they expect to break even by year four of operation..

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