(Photographer: Jason Alden)
Ethiopia awarded a new telecommunication license to a consortium including the UK’s Vodafone Group, paving the way for a long-awaited opening of the sector to outside investors.
The government also called off the sale of a second new permit, but will invite fresh bids from international wireless carriers after some policy adjustments, according to Brook Taye, a senior adviser at the Ministry of Finance.
The winners Vodafone, Vodacom Group, in which the British carrier has a majority stake, and Nairobi-based Safaricom Ltd. will invest $8.5 billion in their network during the coming 10 years, including the license fee, he said from the capital, Addis Ababa. The consortium submitted a bid of $850 million for the permit, according to people who declined to be identified.
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