Safaricom #ticker:SCOM expects a reduced bid price for the Ethiopian market licence on the news that only the locally owned non-financial institutions will be allowed to offer mobile money services.
The telco has disclosed that its interest in the market of 108 million people and about 50 million phone subscribers would only have been significantly enhanced and translate to higher bid price had the Ethiopian government allowed it to operate its mobile money platform M-Pesa there.
