In case you missed it… Vodacom Explains New Ethiopian Business• The consortium is made up of acknowledged experts in the supply and operation of a telephone service and beat another applicant (MTN Grp) which was not successful.
• The trading name for the new venture is Safaricom Telecommunications and is registered in the Netherlands.
• Vodacom’s commitment to fund the Ethiopia opco is limited to its pro rata beneficial shareholding of 6.2 per cent, which is not expected to be material.
• Safaricom, as the lead member of the consortium, intends to provide additional disclosure on the funding of the Ethiopia opco in the coming months.
• Vodacom will also provide strategic operational support for the Ethiopia opco.
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