China’s Ethiopian ambitions suffer setback with telecoms decision

Source: South China Morning PostEthiopia’s recent decision to open its telecoms market saw a Chinese-backed bid for a mobile licence lose out to a consortium that had US support, but the east African country is likely to remain an important market for Chinese companies.Last weekend, a consortium backed by the US International Development Finance Corporation and UK sovereign investment fund CDC Group and led by Britain’s Vodafone, Kenya’s Safaricom, South Africa’s Vodacom and Japan’s Sumitomo Corporation won the deal after…Read More

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