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| Name | Symbol | Market | Type |
|---|---|---|---|
| Sumitomo Corp (PK) | USOTC:SSUMY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.085 | -0.34% | 25.075 | 24.66 | 25.66 | 25.23 | 24.99 | 25.15 | 39,328 | 22:00:00 |
From Jul 2021 to Jul 2024
By Jaime Llinares Taboada
Vodacom Group Ltd. said Monday that it has agreed to fund Safaricom Telecommunications Ethiopia PLC, a new mobile telecommunications services provider in Ethiopia.
The company is backed by an international consortium including Safaricom PLC, Vodacom, Vodafone Group PLC, Sumitomo Corp. and CDC Group. Vodacom will have a 6.2% shareholding in the holding company, which will be majority owned by Safaricom with a 55.7% stake.
Vodacom said the license awarded to Safaricom Telecommunications Ethiopia is an opportunity to build out world-class services in Africa's second-largest country by population, providing a compelling long-term growth vector.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
September 13, 2021 06:55 ET (10:55 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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