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General

US DFC lends USD 500 mln to Vodafone consortium for Ethiopian bid, USD 300 mln to Liquid Telecom

Tuesday 15 December 2020 | 09:36 CET | News
The US government's international Development Finance Corporation (DFC) has released USD 500 million to back a consortium of regional and international telecommunication firms bidding for a mobile licence in Ethiopia, and has advanced USD 300 million to support Liquid Telecom's data centre expansion in Africa, ITWeb reported. The loan to the Vodafone-led Global Partnership for Ethiopia will be used to "finance the design, development, and operation of a new private mobile network provider" there and for "the acquisition of a mobile network provider" licence, the DFC said.

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Categories: General
Companies: Africa Data Centres / Liquid Telecom / Safaricom / Vodafone
Countries: Ethiopia
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