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Consortium led by Safaricom wins Ethiopian operating licence

A customer holds a 3G prepaid sim card after buying the service from an Ethio-Telecom shop in Addis Ababa, Ethiopia. [Reuters]

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

The consortium which includes Safaricom’s parent companies Vodacom and Vodafone, and the British development finance agency CDC Group, paid Sh91.9 billion for the licence, Brook said.

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