The
Liquid T e l e c o m Group recently announced that it has raised US$150
million which will fund the further expansion of its fibre network in
Africa.
Liquid Telecom is a pioneering company that has improved the telecoms infrastructure of Africa.
It
has spent more than five years building what is now Africa's largest
independent cross-border fibre network which runs across 15 nations in
East and Central Africa, covering Africa's fast-growing economies where
no fixed network has existed before and connecting to all the subsea
cables.
The
network currently spans over 18,000km and includes fibre rings around a
multitude of towns and cities and The East Africa Fibre Ring - the
first fully redundant regional fibre ring in East Africa.
The
new investment will be used to extend Liquid Telecom's fibre network
into additional countries as part of the company's continuous expansion
strategy. It will also finance ongoing Fibre to the Home (FTTH) builds
in Kenya, Rwanda, Zambia and Zimbabwe which will provide homes and
businesses with unlimited data packages and 100Mbps, the fastest
broadband ever available in Africa. Liquid Telecom's customers include
other wholesale carriers, mobile network operators, ISPs, financial
institutions and businesses of all sizes and homes. It also operates
retail businesses in Kenya, Rwanda, Uganda and Zimbabwe.
Nic
Rudnick, CEO of the Liquid Telecom Group, who has been listed as one of
the top 100 most influential people in the global telecoms industry
said, "We believe in the power of connectivity to transform lives and
our goal is to connect as many people in Africa as possible. Our fibre
networks provide capacity for high-speed fixed and mobile broadband
networks, enabling Africans to access digital content, apps and OTT
services. This funding will help us in our mission of building Africa's
digital future.”
The US$150 million loan for Liquid Telecom was facilitated by Standard Chartered and provided by large global investment banks.
0 comments:
Post a Comment