Ethiopia Lost $500 Million on Telecom License Mobile-Money Move
- New international operators blocked from service for a year
- Move is to allow state-owned Ethio Telecom to build expertise
Photographer: Eric Lafforgue/Art in All of Us/Corbis News
This article is for subscribers only.
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
Ethiopia’s decision to exclude mobile money from the terms of two new telecom licenses cost the government about $500 million from bid levels, Prime Minister Abiy Ahmed said.