Safaricom ET inks deal to lease dark fibre from Ethiopian Electric Power

15 Mar 2022

Safaricom Telecommunications Ethiopia (Safaricom ET) has announced the signing of a five-year lease agreement to share dark fibre-optic with state-owned Ethiopian Electric Power (EEP). According to Safaricom ET, the shared infrastructure will be utilised for the provision of national telecommunications services including voice and data. Commenting on the deal in a social media post, Safaricom ET chief executive Anwar Soussa said: ‘Such infrastructure sharing agreements will enable us to fulfil our commitment to transform Ethiopian lives for a digital future and contributes to efforts being made to the phased operation launch.’

With regards to specifics of the deal, The Eastafrican newspaper reported that EEP will see an annual revenue of ETB140 million (USD2.7 million) in the first phase of the infrastructure lease agreement, under which Safaricom ET will gain access to dark fibre owned by EEP which stretches for 4,097km. In the second and third phases of the agreement, meanwhile, the newcomer to the Ethiopian telecoms sector will gain access to dark fibre which stretches for 2,078km and 2,904km, respectively.

Ethiopia, Safaricom Telecommunications Ethiopia