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Home › US DFC lends USD 500 mln to Vodafone consortium for Ethiopian bid, USD 300 mln to Liquid Telecom

 

US DFC lends USD 500 mln to Vodafone consortium for Ethiopian bid, USD 300 mln to Liquid Telecom

2020-12-15 09:36:00| Telecompaper Headlines

(Telecompaper) The US government's international Development Finance Corporation (DFC) has released USD 500 million to back a consortium of regional and international telecommunication firms bidding for a mobile licence in Ethiopia, and has advanced USD 300 million to support Liquid Telecom's data centre expansion in Africa, ITWeb reported. The loan to the Vodafone-led Global Partnership for Ethiopia will be used to "finance the design, development, and operation of a new private mobile network provider" there and for "the acquisition of a mobile network provider" licence, the DFC said.

Tags: usd bid liquid telecom

Category:Telecommunications

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