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Safaricom pays $850m telecom licence fee to begin operating in Ethiopia

Safaricom consortium has paid the $850 million licence fee needed to start providing telecom services in Ethiopia.

Mr Balcha Reba, the director-general for Ethiopia Communication Authority told Nation.Africa that the consortium settled the fee on Wednesday. Safaricom won the bid last month after fronting the $850 million for the license, beating the $600 million bid by MTN.

The firm pledged to invest $8 billion in Ethiopia over the next ten years, becoming the first foreign firm to enter Ethiopia for telecom services.

Daily Nation

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