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Home Telecom

MTN ‘might make second bid’ to win Ethiopia licence

FurtherAfrica by FurtherAfrica
June 3, 2021
in Africa, Ethiopia, Mobile, Telecom
Reading Time: 2 mins read
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MTN Group donates US$25M for 7 million vaccine doses for health workers
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MTN is considering making a second attempt to win a telecoms licence from Ethiopia, the CEO has told shareholders.

Ralph Mupita (pictured) said that MTN has “not made a firm decision”, but will “apply our minds” if Ethiopia reopens bidding for a second licence.

The government last week awarded one licence to a consortium backed by Vodafone, with Vodacom and Safaricom, which are members of the same group.

But Ethiopia, which had planned to offer two licences to compete with Ethio Telecom, did not award the second. The government had received only two bids for two licences by the deadline in April.

MTN bid only US$600M for the licence, compared with the Vodafone-backed group’s US$850M.

Mupita said: “We took an approach that the opportunity, as strategic as it was, needed to meet our capital allocation framework and the hurdles that we saw given the licence conditions.”

Also read: MTN South Africa, World Bank’s IFC partner to expand mobile money business

South African-based MTN had hoped that Ethiopia would allow it to offer mobile money services, but the government changed the rules after the deadline: in early May it said that licensees could offer services, having earlier denied the possibility.

“There are views that the Ethiopian authorities will reissue the licence with mobile money,” said Mupita. “We certainly priced for those things and near-term risks that we saw, and we felt that the financial bid there was appropriate.”

However, if Ethiopia did re-open the bidding, with the clear possibility that a winner could offer mobile money, it is possible that others would re-enter the competition.

Related

Via: Capacity Media
Tags: Ethio telecomEthiopiaMobile MoneyMTNMTN Group LtdMTN ‘might make second bid’ to win Ethiopia licenceRalph Mupitatelecomэфиопияأثيوبياエチオピア埃塞俄比亚
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