MTN walks away from Ethiopia despite mobile money permit clause

Ethiopia has formally announced that it will launch the process to award a second new mobile licence later this month, including a permit to offer financial services. But despite the removal of what has been widely seen as a key stumbling block in the liberalisation of the country’s telecoms market, African telco giant MTN is reportedly no longer interested.
MTN is unlikely to bid for the licence, an outcome that could only been seen as a setback for the liberalisation process, Bloomberg r