Kenyan operator Safaricom has opened talks with undisclosed investors to form a consortium that will this year bid for one of two Ethiopian telecoms licences, reports Business Daily. However, the cost to break up the current monopoly will not be cheap. A consortium is needed because of the high entry costs that are likely to exceed KES 100 billion $1 billion) mark. The Nairobi Securities Exchange-listed firm said it was racing to assemble the group of investors ahead of its Ethiopian bid, which is expected in April.

Read more: Safaricom very keen of entering the Ethiopian telecom market