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Ethiopia awards telecom licence to Safaricom-led consortium

Ethiopia awards telecom licence to Safaricom-led consortium
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UPDATE 2-Consortium led by Safaricom wins Ethiopian operating licence

UPDATE 2-Consortium led by Safaricom wins Ethiopian operating licence
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Ethiopia grants new telecoms licence in bid to revamp sector

Ethiopia grants new telecoms licence in bid to revamp sector
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Ethiopia grants telecommunications license to Safaricom-led consortium Ethiopia News

Ethiopia grants telecommunications license to Safaricom-led consortium Ethiopia News
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Safaricom takes 56pc stake in Ethiopia firm

Safaricom takes 56pc stake in Ethiopia firm Business Daily Safaricom #ticker:SCOM has raised its controlling stake in Global Partnership for Ethiopia, the consortium that has made a bid for one of two telecoms licences in Kenya’s northern neighbour, to 56 percent from the 51 percent announced previously. Details of the consortium’s latest ownership structure was disclosed Tuesday by South Africa-based Vodacom Group which owns a 34.9 percent stake in the Nairobi Securities Exchange-listed firm. “The consortium is 56 percent owned by Safaricom, six percent by Vodacom, 25 percent by Sumitomo the Japanese conglomerate and 10 percent by CDC, the UK sovereign investment fund,” Vodacom’s chief executive Shameel Joosub said at an investor briefing yesterday. He did not explain the circumstances that led to the changes in the ownership. The multinational’s stake has also gone up, having previously stood at five percent. The percentages listed by Mr Joosub exclu

Nairobi areaSouth africaUnited statesUnited kingdomShameel joosubSaudi telecom companyEthiopian communications authoritySafaricom plcEthio telecomGlobal partnership for ethiopiaKandu global communicationsVodacom groupUs international development finance corporationElectromecha internationalGlobal partnershipSouth africa based vodacom group