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Pan-African telecoms group Liquid Telecom has announced that it will invest US$400mn in network infrastructure and data centres in Egypt following the completion of its “Cape to Cairo” link

Liquid, a subsidiary of telecoms provider Econet Group, has signed a partnership with Telecom Egypt as part of the three-year investment plan, the company said in a press release.

The investment was made during a signing ceremony between the two companies on 8 December at the Africa 2018 Forum.

Telecom Egypt will use the network to connect Egyptian businesses to the rest of Africa while partnering with Liquid Telecom to build data centres across Egypt.

Following an initial investment of US$50mn in data centres and cloud services, Liquid plans to invest an additional US$350mn in broadband and financial inclusion initiatives as well as high capacity data centres.

Liquid Telecom’s network is almost 70,000km and connects 600 locations in 13 countries, with data centres in Egypt, Ethiopia, Nigeria, Rwanda, Senegal, Kenya, Zimbabwe and South Africa. The ‘Cape to Cairo’ network represents the first direct land-based terrestrial fibre link from Cape Town to Cairo, the company added.

The US$400mn investment will enable Liquid Telecom to significantly expand its position as a connectivity and cloud solutions provider in North Africa, serving businesses in the region with world-class network and data centre services, it continued.

Strive Masiyiwa, executive chairman of Liquid Telecom’s parent company Econet, added that the next mission is to complete a link between Cairo and Dakar in Senegal through Sudan, Chad, and Nigeria, as well as the rest of West Africa.

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