MTN eyes telecoms licence in Ethiopia
Telecommunications group MTN and its equity partners are bidding for a telecommunications licence in Ethiopia.
“Ethiopia provides the largest telecommunication and digital services growth opportunity in Africa over the medium term and fits into our pan-Africa focus and platform strategy. We are being guided by our capital allocation framework in our assessment of this opportunity,” said MTN Group president and CEO Ralph Mupita.
The bid has been made in partnership with Silk Road Fund from China. Other partners will be disclosed on a successful bid outcome.
In May last year, the Ethiopian Communications Authority (ECA) called for expressions of interest for two new nationwide telecommunications licences in Ethiopia.
The issuance of the two new licences to telecommunications companies will be in addition to the existing licence held by Ethio Telecom.
The significant milestone forms part of Ethiopia’s Homegrown Economic Reform Agenda to introduce competition into the sector and increase access to reliable and efficient communications services for all Ethiopians, leading to improvements in quality of life and in connectivity to support rapid economic transformation, and to maximise the opportunity presented by the digital economy, the ECA said at the time.
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