Safaricom shareholders advanced the company’s plan to enter Ethiopia by ratifying the business established to manage what will be the nation’s first privately-run mobile operator.
At Safaricom’s AGM on 30 July, shareholders approved the creation of Safaricom Telecommunications Ethiopia from earlier last month. The operator explained in a statement the clearance brings the launch of commercial services in Ethiopia a step closer to fruition.
Safaricom Telecommunications Ethiopia is the company created by a consortium comprising the Kenya-based operator, Vodacom Group, Vodafone Group, Sumitomo Corporation and CDC Group.
The group received its final operating licence [1] last month, as part of a move commenced [2] by Ethiopian authorities in late 2020.
In Safaricom’s statement, chair Michael Joseph noted the company aimed to serve “our customers, staff and the community” in Ethiopia with a range of digital services.
Safaricom CEO Peter Ndegwa added Ethiopia was a crucial part of the company’s strategy to expand beyond Kenya, and pledged it would provide “quality and affordable mobile and internet connectivity”.
[1] https://www.mobileworldlive.com/featured-content/top-three/ethiopia-new-entrant-licence
[2] https://www.mobileworldlive.com/featured-content/top-three/ethiopia-opens-bidding-for-mobile-licences
![\"IT電腦補習](\"http://itteacheritfreelance.hk/test/wordpress/wp-content/uploads/2016/05/logo2-2.png\"){kind=logo}
www.itsec.hk
www.itsec.vip
www.itseceu.uk
Leave a Reply