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Home Telecom

Ethiopia awards telecom licence to Safaricom

Taarifa Rwanda by Taarifa Rwanda
June 10, 2021
in Africa, Communications, Ethiopia, Telecom
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Ethiopia awards telecom licence to Safaricom
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Kenya’s leading telecommunication company Safaricom has been officially awarded a licence to become the first foreign entity to provide such services in Ethiopia.

President Uhuru Kenyatta of Kenya flew to the Ethiopian capital Addis Ababa on Tuesday accompanied by a high powered delegation for the formal award of a telecom operating licence to a consortium led by Safaricom.

According to handlers of Kenyan Presidency, Uhuru is also holding bilateral discussions with Ethiopian Prime Minister Abiy Ahmed.

Also read: MTN ‘might make second bid’ to win Ethiopia licence

According to details, an international consortium led by Safaricom, and comprising of Vodafone and Vodacom, UK’s CDC Group and Japan’s Sumitomo Corporation, won and US$850M licence bid to operate in Ethiopia, defeating MTN of Mauritius who bid US$600M. Safaricom has offered to invest US$8B in Ethiopia over the coming ten years.

The Global Partnership for Ethiopia, as the consortium is known, was declared winner on May 22 and Safaricom paid the licence fee last Wednesday, earning permission to provide services across the country.

There had been 12 prequalified firms in the bid when it was opened last November.

The licence will be valid for 15 years with a possible renewal at a fee. Officials say formal roll-out of services should be expected early in 2022. The services will include voice, text, and data, and mobile payments.

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Via: Taarifa Rwanda
Tags: CDC GroupEthiopiaEthiopia awards telecom licence to SafaricomSafaricomSumitomo Corptelecomtelecom licencesVodacomVodafoneэфиопияأثيوبياエチオピア埃塞俄比亚
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Taarifa Rwanda

Taarifa Rwanda

Taarifa is a Rwandan news media house established to play a role in shaping the global agenda through telling Africa’s true stories by delivering quick, in-depth and exclusive news on issues and events affecting Africa’s political, economic and social landscape.

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