[quote=Ericsson]Safaricom, KCB look North as Ethiopia opens market
https://www.businessdail...0980-ydwgyyz/index.html[/quote]
MTN announced the sale of its Cypriot unit to French billionaire Xavier Niel’s Monaco Telecom on 16 July for about EUR 260 million, the first country exit in the company's 24-year history. Cyprus had the lowest number of subscribers of all MTN’s markets at the end March, though Liberia and Guinea-Bissau were close. The only other MTN country division with fewer than 1 million customers is South Sudan, which has been engulfed in a civil war since 2013.
The sale of smaller markets could be laying the ground for an attempt to break into Angola, one of the people told Bloombrg. There are plans to
sell a minority stake in state-owned telecommunications provider Angola Telecom and hold an auction for a fourth industry operator. Meanwhile, the Ethiopian government is planning to sell parts of the state-owned telecommunications company to foreign investors, opening the door to a market long coveted by MTN and rival Vodacom Group, said Bloomberg.
MTN Group considers selling some of its small and problematic Western African units...