Ericsson wrote:https://kenyanwallstreet.com/safaricom-to-own-51-in-ethiopian-telco/
Kenya’s leading Telco, Safaricom, will own a majority stake of 51% in the consortium of firms seeking a Telecommunication license in Ethiopia. The information surfaced during Vodacom’s H1 2021 results presentation. South Africa’s Vodacom, will have a 5% stake in the consortium and the remaining share will go to strategic investors.
If its bid is successful,Safaricom will eye debt market to fund rollout there.
Dividend payout reduction is a possibility.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle