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Sumitomo teams with Vodafone to win Ethiopia telecom project

Cellular bid marks first foray into Africa by Japanese company

Ethiopia's telecommunications sector has been dominated by state-run Ethio Telecom.   © Reuters

TOKYO -- Sumitomo Corp. will offer mobile services in Ethiopia as part of a consortium with British telecom provider Vodafone Group, becoming the first Japanese company to enter the market in Africa.

Ethiopia approved a license for the consortium to provide mobile services in the country. The grouping, which also includes British development finance specialist CDC Group, will establish a joint venture. Sumitomo is expected to hold a stake of slightly less than 30%.

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