Ethiopia’s second telco license likely to ignite global investor interest
ETHIOPIA'S July 1 unveiling of a tender for a second new telecommunications license opens Africa's second-largest market to more competition and comes after its market-liberalising test run with Safaricom hit pay dirt. "There are several positive developments occurring in the Ethiopian telecommunications sector since the beginning of the liberalisation process," the Ethiopian Communications Authority said in a request for qualifications (RFQ) notice. The tender follows regional mobile giant MTN's unsuccessful attempt in 2021 to secure a license despite placing a substantial US$600 million bid. The staggering size of the bid underscored the appeal of Ethiopia's mobile phone and internet market,…