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.
In conversation with Liquid Intelligent Technologies CEO Deon Geyser
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