Safaricom drops interest in Ethio Telcom after securing license
Safaricom Plc is no longer interested in a stake in Ethiopia’s state-owned Ethio Telecom after a consortium it leads won a license to operate in the country.
Re: No more business: Safaricom leaves Ethiopia citing "the worst environment to do business" as a reason
Misleading Title
Safaricom participated in two bids, one with Vodafone to get a licence and the second is to buy shares in Ethio Telecom in case Vodafone fails to win the license bid. Now Vodafone group won the license, Safaricom doesn't need to buy shares in Ethio Telecom. The Vodafone group itself is now a competitor to Ethio Telecom.
Re: No more business: Safaricom leaves Ethiopia citing "the worst environment to do business" as a reason
Eri Tel, an Eritrean State owned telecom company, is Vowing to Step in if Vodafone and Safaricom withdraw from the Ethio Telecom privatization deal.