According to the Bank’s website, Safaricom Telecommunications Ethiopia ("STE") is expecting to roll out launch and operate its 2G, 3G, 4G networks across the country with 5G in selected areas. The commercial operation started on October 6, 2022, and to date, STE network is currently available in 16 cities in Ethiopia. The Project cost to roll out the network in the coming 10 years is estimated at US$ 8 billion and is expected to be financed through a combination of equity and financial debt.
The Proposed up to US$ 1,234.40 million MIGA Guarantee is to cover the Equity/Quasi-Equity investments by Safaricom Plc (Kenya); Vodacom International Holdings Proprietary Limited (South Africa); Vodafone International Operations Limited (United Kingdom); British International Investment Plc (United Kingdom) in STE.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||British International Investment Plc||Client||-|
|-||-||-||-||Safaricom Telecommunications Ethiopia||Subsidiary||-|
|-||-||-||-||Vodacom International Holdings Proprietary Limited||Client||-|
|-||-||-||-||Vodafone Group Plc.||Client||-|
Contact Person: Matthew Harrison-Harvey
Title: Chief Regulatory and External Affairs Officer
Company Name: Safaricom Telecommunications Ethiopia plc
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