Sumitomo
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Vodafone and Sumitomo Corporation has established a new standalone business to drive the development of the economy of things. -
Safaricom Ethiopia has switched on its mobile telecommunications network and services in Addis Ababa, the country’s capital city.
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Ethiopia has called for proposals for a second private telecoms operator to compete with Ethio Telecom, the incumbent, and Safaricom, licensed earlier this year.
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The Ethiopian Communications Authority (ECA) has announced that Safaricom Telecommunications Ethiopia PLC has been issued with a final licence. However, over half of the winning consortium's financing could be in doubt due to US sanctions.
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Sumitomo Electric Industries will manufacture semiconductors for 5G base stations in New Jersey, US, from September.
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Companies have 30 days from today to tell the government of Ethiopia if they are interested in buying a 40% stake in state-owned Ethio Telecom.
Forthcoming events
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Ethiopia has officially granted the Safaricom Vodacom Vodafone partnership with its telecoms licence, allowing it to compete with Ethio Telecom, the monopoly until this week.
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Vodafone will spend US$8 billion on building its new network in Ethiopia, according to the country’s prime minister, Abiy Ahmed.
