THE STANDARD
SCI & TECH
Safaricom CEO Peter Ndegwa (PHOTO: FILE)
NAIROBI, KENYA: Safaricom is advising shareholders and investors to be cautious when dealing with its shares on the Nairobi Securities Exchange (NSE).
The announcement comes as Ethiopia Communications Authority (ECA) closes the bid for the second telco operator where Safaricom is among bidders through a consortium.
Safaricom is a leading member of a consortium consisting of Vodacom Group (South Africa), Vodafone Group (UK) and Sumitomo Corporation (Japan) that intends to make a formal bid for Ethiopia Telco Licence.
The ECA has indicated that proposals from interested bidders must be submitted by April 26 and successful bidders will be announced within 30 days.
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