By TESFA-ALEM TEKLE More by this AuthorSafaricom, the newest telecom operator in Ethiopia, has signed a five-year lease agreement with state-owned power utility to share dark fiber-optic infrastructure in the Horn of African nation, the first infrastructure deal with Ethiopia. The agreement was signed between Mr Ashebir Balcha, CEO of Ethiopian Electric Power enterprise (EEP), and Anwar Soussa, CEO of Safaricom Ethiopia. Mr Soussa lauded Ethiopia’s move to cooperate with Safaricom in the infrastructure sector and expressed his company’s willingness to work with the EPP in a win-win situation. “The agreement we sign to share our OPGW infrastructure will enable Ethiopian Electric Power to utilise its resources and increase its revenue, while enabling Safaricom Ethiopia to provide quality and competitive telecommunication services,” said Mr Ashebir. Ethiopian Electric Power (EEP) is expected to earn up to 140 million ETB ($ 2.7 million) a year in the first phase of its the infrastructure lease agreement with Safaricom Ethiopia.

Source: Daily Nation March 13, 2022 19:30 UTC