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Safaricom considers buying stake in Ethio Telecom but may start own business from scratch
2019-10-14 09:23:00| Telecompaper Headlines
(Telecompaper) Kenyan operator Safaricom is considering buying a stake in Ethiopia's state-owned Ethio Telecom, which has announced the sale of shares through privatisation, reports Business Daily. Safaricom's interim CEO Michael Joseph said that the telecom operator is also considering setting up shop in Ethiopia from scratch. His comments came after Ethiopian authorities began searching for an adviser on the sale of a stake in its national operator, opening up the country's telecoms market to foreign investment for the first time.
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Category:Telecommunications