The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Ethiopia receives 12 bids for two telco licences -regulator

Fri, 26th Jun 2020 12:59

By Dawit Endeshaw

ADDIS ABABA, June 26 (Reuters) - Ethiopia’s communications
regulator said on Friday it received twelve bids for the two
telecom licences it plans to award to multinational mobile
companies, breaking the state monopoly.

Nine bidders are telecom operators and two non-telecom
operators, and one submission was incomplete, the regulator
said.

Bidders include Etisalat, Axian, MTN, Orange, Saudi Telecom
Company, Telkom SA, Liquid Telecom, Snail Mobile and Global
Partnership for Ethiopia, a consortium of telecom operators made
of Vodafone, Vodacom, and Safaricom. The two non-telecom
operators are Kandu Global Telecommunications and Electromecha
International Projects.

The issuing of licences will open up one of the world’s last
major closed telecoms markets in the country of around 110
million.

The Ethiopian Communications Authority said the licenses
will be awarded through a “competitive bidding process,” but did
not clarify a deadline for it.

“This is the initial stage. We will soon have...the second
stage,” said Balch Reba, director-general of the Ethiopian
Communication Authority.
(Reporting by Dawit Endeshaw, Editing by Giulia Paravicini and
Chizu Nomiyama)

Related Shares

More News
2 May 2024 07:03

Swisscom posts steady Q1 profit, says Vodafone Italia deal on track

May 2 (Reuters) - Telecoms group Swisscom reported a slightly lower first-quarter core profit on Thursday, but beat market expectations, as business...

2 May 2024 06:35

Swisscom plans completion of Vodafone Italia takeover in Q1 2025

May 2 (Reuters) - Swiss telecoms group Swisscom said on Thursday its takeover of Vodafone Italia is on track and expected to be completed in the fir...

16 Apr 2024 08:41

Vodafone appoints SAP's Marika Auramo as CEO of Business arm

(Alliance News) - Vodafone Group PLC on Tuesday said Marika Auramo has been appointed as chief executive of Vodafone Business.

16 Apr 2024 07:46

Vodafone taps SAP executive to lead business division

(Sharecast News) - Vodafone announced the appointment of Marika Auramo as chief executive of Vodafone Business on Tuesday, effective from 1 July.

4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK se...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.