The Ethiopia Communications Authority (ECA) has announced a plan to award the third telecom license between September 2023 and February 2024. This development is expected to offer stiff competition for Ethio-Telecom as well as Kenya’s giant telco Safaricom which won the second operator license in Ethiopia in October 2022 and has already rolled out its infrastructure. Ethio-Telecom had previously held a monopoly.
Media reports indicate that Safaricom’s winning bid of US$ 850 million could serve as a guide for the price of the full-service telecom licence B, which includes mobile financial services. Separately, Addis Ababa authorities also aim to sell up to 40% of the shares in state-owned Ethio-Telecom.
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