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Vodafone Consortium Submits $850-Million Bid for Ethiopia Permit

  • MTN Group is said to offer $600 million for telecom license
  • Bids below amount Ethiopia sought from auctioning licences

A Vodafone Group Plc consortium and MTN Group Ltd. submitted bids for permits to operate in Ethiopia that were much less than what was sought by the government of Africa’s second-most populous nation, people with knowledge of the matter said.

Vodafone’s consortium, which includes Safaricom Plc of Kenya and the U.K. carrier’s South African unit Vodacom Group Ltd., submitted a bid of $850 million, according to the people who declined to be identified because the results are not yet public. MTN, which is in a partnership with The Silk Road Fund of China, offered $600 million, according to the people.