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Safaricom Wins Ksh 91B License in Ethiopia
Safaricom House buildings along Waiyaki Way, Nairobi pictured on March 6, 2020.
Simon Kiragu
Kenyans.co.ke
A group consisting Vodafone, Vodacom Group Limited and Safaricom has been awarded a new telecommunication license by the Ethiopian government.
The group presented a bid of Ksh91 billion edging out South Africa s MTN whose bid was Ksh65 billion.
The license will help the consortium create 1.1 million jobs in 10 years at a cost of Ksh919 billion and cover the country with a 4G service by 2023. This will be the single largest foreign direct investment in Ethiopia s history. The Council of Ministers has unanimously made a historic decision today allowing Ethiopian Communications Authority to grant a new nationwide telecom license to the Global Partnership for Ethiopia which offered the highest licensing fee and a very solid investment case. Prime Minister Ahmed Abiy announced on his social media pages
The Council of Minister of Ethiopia today announced accepting the $850 million license fee offer of Global Partnership for Ethiopia, a consortium of major international telecom service providers.
The consortium involving Safaricom, Vodaphone, Vodacom, Sumitomo Corporation, and CDC Group is the first private telecom operator in the east African country with over 100 years of telecommunications service history.
The consortium during its operation aims to create jobs for 1.5 million people, according to Prime Minister Abiy Ahmed’s social media post. “The Council of Ministers has unanimously made a historic decision today allowing Ethiopian Communications Authority to grant a new nationwide telecom license to the Global Partnership for Ethiopia which offered the highest licensing fee and a very solid investment case,” he twitted.
Safaricom consortium wins Ethiopia licence bid on Sh91.8bn offer
Summary
Safaricom beat other consortia in the last stretch of a year long race for access to one of the world s last telecoms frontiers.
Ethiopian Prime Minister Abiy Ahmed said the Safaricom led consortium that includes its parent firms Vodafone and Vodacom, British development finance agency CDC Group and Japan s Sumitomo Corporation won the award after submitting a financial bid of $850 million (Sh91.8 billion).
Saturday May 22 2021
By BRIAN NGUGI
Summary
Safaricom beat other consortia in the last stretch of a year long race for access to one of the world s last telecoms frontiers.
Safaricom Secures Operating License in Ethiopia after Successful Bid msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.