Safaricom and parent Vodacom Group plan a joint bid for an Ethiopian telecommunications license that they expect to cost as much as US$1-billion (R15-billion).
The Horn of Africa state is expected to invite bids for two new licenses this month to compete with its monopoly Ethiopian Telecommunications Corp, which is also slated for partial privatization in early 2020.
The bid for the Ethiopian spectrum could be “quite high,” acting Safaricom CEO Michael Joseph said Friday in an interview after his company’s first-half earnings presentation. […] CONTINUE READING
