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Vodacom Group, Safaricom mull joint bid of up to USD 1 billion for Ethiopian licence

Monday 4 November 2019 | 10:57 CET | News
Kenyan operator Safaricom and parent Vodacom Group plan a joint bid for an Ethiopian telecommunications licence that they expect to cost as much as USD 1 billion, Bloomberg reported. Ethiopia is expected to invite bids for two new licences this month to compete with its monopoly Ethiopian Telecom, which is due for part-privatisation in early 2020. The bid for the Ethiopian spectrum could be "quite high", acting Safaricom CEO Michael Joseph said. 

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Categories: Mobile & Wireless
Companies: Ethio Telecom / MTN / Orange / Safaricom / Vodacom
Countries: Ethiopia / Kenya
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