More Africa NewsEthiopia: Global Partnership officially took possession of its telecoms license on June 9

June 11, 2021by myles0
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Only six months to wait, and Ethiopians will be able to experiment with new telecom services at more advantageous prices. The Global Partnership for Ethiopia consortium has completed all administrative procedures that confirm it as a new player in the national telecoms market.

The Global Partnership for Ethiopia consortium (made up of Safaricom, Sumitomo, Vodacom, Vodafone and CDC Group), winner of Ethiopia’s first private telecoms license, officially took possession of this operating license on Wednesday, June 9. It was during the signing ceremony for the telecoms license contract with the government. The consortium which disbursed the sum of 850 million USD plans to launch its activities next year.

On the sidelines of the meeting, Ahmed Shide, Ethiopia’s Minister of Finance, said “  today marks an important day for the citizens and businesses of Ethiopia. This is only the first step. We will continue to work together with partners and investors to build a modern and open telecommunications sector to improve connectivity, productivity and economic growth in Ethiopia  ”.

The signing of the license agreement officially marks the end of the first phase of liberalization of the local telecoms market which started in 2019. The sale of a second private telecoms license is already in preparation. The whole process of market liberalization will come to an end with the partial privatization of the incumbent operator Ethio Telecom, normally scheduled for next year.

Shameel Joosub, President and CEO of Vodacom Group, affirmed that “  all the individual organizations represented in our consortium are united in our commitment to bring positive social change in Ethiopia through the technology we provide. All over the world, we are long-term investors with a clear goal of helping countries digitize and grow their economies, for the benefit of people in all parts of society and in all regions ”. This is what the Global Partnership for Ethiopia is also planning in Ethiopia. 

Source: Agence Ecofin

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