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Monday, May 16, 2022

MTN moves to expand operations into Ethiopia, submits bid for license

… Vodafone Group Plc too


MTN Group is seeking to expand its operation into the Ethiopian as the South Africa’s telecoms firm submits a bid for telecommunications licenses to the regulator, according to Brook Taye, an adviser in the Finance Ministry.

MTN is the biggest player in the telecoms industry in the continent and has its operations in Nigeria, and other parts of the continent.

Ethiopia also received bids for telecommunications licenses from a consortium led by Vodafone Group Plc also, Taye said.

“We always wanted quality providers and this is what we have received,” Taye said on phone.

“These are two African giants — the Safaricom-led consortium and MTN — either one or two of the operators will get a license in Ethiopia.”

Ethiopia will take a few days to review the technical offer and then open the financial bids, he said.

The government is looking to award two full-service telecommunication licenses as part of its plan to attract more foreign investment to its economy.

READ THIS ALSO: World Bank Report rates power supply in Nigeria as poor, ineffective

Earlier on Monday, Kenya’s largest telecommunications provider Safaricom Plc said it was bidding for one license jointly with Vodafone and the U.K. carrier’s South African unit Vodacom Group Ltd. 

Others in the consortium include CDC Group Plc and Sumitomo Corp., it said in a notice in Nairobi-based Daily Nation newspaper.

The members may invest through special purpose investment vehicles, according to the statement. (Bloomberg)

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