Safaricom Telecommunications Ethiopia
Safaricom Telecommunications Ethiopia | |
Type | Subsidiary of Safaricom |
Industry | Telecommunications |
Headquarters | Addis Ababa, Ethiopia |
Key people | Anwar Soussa Chief Executive Officer and Managing Director[1] |
Products | G.S.M related products and Mobile Money Transfer |
Brands |
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Services |
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Website | Homepage |
Safaricom Telecommunications Ethiopia Plc, previously known as Global Partnership for Ethiopia BV (GPE), is an SPV awarded a licence to operate telecom services in Ethiopia[2] at a license fee of US$850 million.[3] This fee made it the single largest foreign direct investment into Ethiopia.[3][4] The firm is expected to roll out telephony services from 2022.[5]
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As of 25 May 2021, the shareholding of GPE was expected to be as follows:[6][5]
Rank | Name of Owner | Country | Percentage Ownership |
---|---|---|---|
1 | Safaricom | Kenya | 55.70 |
2 | Sumitomo Corporation | Japan | 27.20 |
3 | CDC Group | UK | 10.90 |
4 | Vodacom | South Africa | 6.20 |
Total | 100.00 |
See also[]
References[]
- ^ Bonface Otieno (5 July 2021). "Vodacom DRC chief to head Safaricom's Ethiopian unit". Business Daily Africa. Nairobi, Kenya. Retrieved 18 July 2021.
- ^ "GLOBAL PARTNERSHIP FOR ETHIOPIA WELCOMES LICENCE AWARD TO OPERATE TELECOM SERVICES IN ETHIOPIA". 24 May 2021. Retrieved 25 May 2021.
- ^ Jump up to: a b "The Council of Minister of Ethiopia today announced accepting the $850 million license fee offer of Global Partnership for Ethiopia, a consortium of major international telecom service providers". 22 May 2021. Retrieved 25 May 2021.
- ^ "Global consortium wins Ethiopia's telecom license for $850M". 22 May 2021. Retrieved 25 May 2021.
- ^ Jump up to: a b Juma, Victor (25 May 2021). "Safaricom reveals ownership of Ethiopia venture". Retrieved 25 May 2021.
- ^ Muiruri, Kepha (25 May 2021). "Safaricom to commence operations in Ethiopia next year". Citizen Digital. Citizen TV. Retrieved 25 May 2021.
Categories:
- Telecommunications company stubs
- Vodafone
- Safaricom
- Telecommunications companies established in 2021
- Telecommunications companies of Ethiopia
- 2021 establishments in Ethiopia