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Consortium led by Safaricom wins Ethiopian operating licence

Ethiopia’s telecommunications regulator awarded one operating licence to a consortium led by Kenya’s Safaricom, Vodafone and Japan’s Sumitomo, Brook Taye, a senior adviser at the finance ministry, said on Saturday.

The consortium, which includes Vodacom and British development finance agency CDC Group, paid US$850M for the licence, Brook said. South Africa’s MTN had also bid for a licence.

Africa’s second-most populous country is hoping that the opening of one of the world’s last major closed telecoms markets will create millions of online job opportunities.

The awarding of the new licence marks the “beginning of a new era in our country,” the Ethiopian Communications Authority said on Twitter.

Source: Further Africa

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