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Safaricom gets Ethiopian telecom licence
Nearly three years after Ethiopia’s Prime Minister, Abiy Ahmed, announced plans to open up the country’s teecommunications sector, a new nationwide telecom licence has been granted to the Global Partnership for Ethiopia.
The consortium which includes Vodafone, Vodacom, Safaricom, Sumitomo Corporation, and the CDC Group with a bid offering of $850 million beat MTN’s coalition to acquire Ethiopia’s first private national telecom licence.
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What does this mean for Ethiopia? Aside from an expected increase in internet subscribers, this move is set to create over 1.1 million jobs.