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The founder of FreedomPop Stephen Stokols is teaming up with Liquide’s founder and chairman, African entrepreneur Amadou Kane Diallo, to raise US$1bn for high-speed wireless access in Africa

Eight years ago, Stephen Stokols launched FreedomPop in the US, offering the world’s first free mobile internet service. FreedomPop continued to expand to six countries and serve millions of customers.

Now, Stephen Stokols has teamed up with Liquide to bring the same innovative capability to Diallo’s home continent of Africa.

Led by innovators with a track record of disrupting traditional telecoms, Liquide was founded in 2019 with the specific aim of bringing affordable wireless connectivity to emerging markets.

Liquide has begun raising its US$1bn fund to bring low-cost high-speed wireless connectivity to Africa over the next five years. It is already in talks with the West African government to purchase a troubled government-owned network that has seen its market share deteriorate to more aggressive foreign competitors. Liquide aims to purchase, upgrade and deliver low-cost wireless services to the country by 2021.

Liquide’s focus on Africa comes at a time where more than US$100bn of telecom investment is expected to pour into Africa over the next five years alone - a large percentage of that coming from China which now has a footprint across the continent, from network equipment to handsets.

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