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UPDATE: US-backed Vodafone & China-backed MTN are Only Bidders for Ethiopia at Tadias Magazine

April 26th, 2021 in Business. Closed The Ministry of Finance sealed its doors when the 10:00 deadline for [telecoms licences] bids had expired, and said it would make a formal announcement after the technical and financial evaluation is completed. (Capacity Media) Ethiopia received just two bids, from MTN working China’s Silk Road Fund and a US-backed and Vodafone-led consortium, for its two telecoms licences this morning. The Ministry of Finance sealed its doors (pictured) when the 10:00 deadline for bids had expired, and said it would make a formal announcement after the technical and financial evaluation is completed. MTN made it clear that it is backed by the Silk Road Fund, a Chinese state-owned investment fund designed to foster increased investment in countries along the country’s One Belt, One Road, economic development project.

Ethiopia warns low bids may scupper mobile plan

Ethiopia warns low bids may scupper mobile plan - Mobile World Live 03 MAR 2021 A senior Ethiopian minister indicated the country could walk away from the process of allocating two new telecommunication licences if bidders failed to meet its valuation of the assets, Bloomberg reported. Citing comments from Eyob Tekalign Tolina, State Minister in Ethiopia’s finance ministry, the news outlet said the level of its price expectation was the result of three independent valuations. If this price is not met, he added the country would “have another look”. The figures involved were not disclosed. Tekalign Tolina also noted the country planned to provide a level playing field to the new competitors, apparently addressing concerns raised by figures including policy World Bank country director Ousmane Dione last month. He, however, did not detail specific policies.

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