Safaricom consortium wins Ethiopia licence bid on Sh91.8bn offer

Safaricom headquarters on Nairobi’s Waiyaki Way. PHOTO | DIANA NGILA

Safaricom #ticker:SCOM has been awarded a telecommunications licence to operate in Ethiopia — one of the world's last major closed telecoms markets, the Ethiopian government announced on Saturday.

Safaricom beat other consortia in the last stretch of a year long race for access to one of the world's last telecoms frontiers.

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