The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
A customer holds a 3G prepaid sim card after buying the service from an Ethio-Telecom shop in Addis Ababa, Ethiopia. [Reuters]
Ethiopia's telecommunications regulator awarded one operating licence to a consortium led by Kenya's Safaricom and Japan's Sumitomo, Brook Taye, a senior adviser at the Finance Ministry, said on Saturday.
The consortium which includes Safaricom’s parent companies Vodacom and Vodafone, and the British development finance agency CDC Group, paid Sh91.9 billion for the licence, Brook said.
Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.