The Ethiopian Communications Authority suspends the bidding process for the second telecom license.
The decision comes just two weeks after the officials of the Authority signalled the possible postponement of the tender for the second license, citing the impacts of the war on the tender process.
Though the Authority called for proposals from prospective bidders since September 2021, few companies showed interest to acquire the second license.
On May 2021, the Safaricom-led Global Consortium won the first telecom license for an offer of USD 850 million. Though another Consortium led by MTN offered USD 650 million for the second license during the same period, the bid was rejected after officials of the Authority found the offer to be lower than the market value of the license.