Once-thriving economy in trouble as Ethiopia s Abiy cracks down news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
MTN Group is not giving up on its ambition to enter Ethiopia after it lost a bid to buy a telecommunications licence in the East African country to a rival consortium led by the UK’s Vodafone Group.
The Ethiopian government awarded a new telecommunications licence to a consortium that includes Vodafone Group, the parent company of South Africa’s Vodacom, which is MTN’s main competitor.
The Vodafone consortium successfully outbid MTN by $250-million (R3.4-billion) for a licence that will enable Vodafone to build, own and operate a nationwide telecommunications network in Ethiopia.
Bloomberg reported that the consortium led by Vodafone submitted a bid of $850-million (R11.7-billion). MTN confirmed to
Dial D for determination: MTN considers a second bite at the Ethiopian cherry Ray Mahlaka
MTN Group is not giving up on its ambition to enter Ethiopia after it lost a bid to buy a telecommunications licence in the East African country to a rival consortium led by the UK’s Vodafone Group.
The Ethiopian government awarded a new telecommunications licence to a consortium that includes Vodafone Group, the parent company of South Africa’s Vodacom, which is MTN’s main competitor.
The Vodafone consortium successfully outbid MTN by $250-million (R3.4-billion) for a licence that will enable Vodafone to build, own and operate a nationwide telecommunications network in Ethiopia.
在中美新战场上 美国赢了，但隐患不小 - 未名空间(mitbbs com) mitbbs.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mitbbs.com Daily Mail and Mail on Sunday newspapers.
Ethiopia shuns China-backed consortium in favour of US
Sun Online Desk
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Washington has gained a major victory in its push to challenge Beijing s economic influence around the world as a US-backed consortium beat another financed by China in a closely watched telecommunications auction in Ethiopia.
According to The Wall Street Journal (WSJ), Ethiopia said on Saturday that it tapped a group of telecommunications companies led by the UK s Vodafone Group PLC to build a nationwide 5G-capable wireless network. The group had financial backing from a newly created US foreign aid agency for the multibillion-dollar project.
The losing bidder was South Africa s MTN Group Ltd., whose proposal was financed partly by a Chinese investor.