Monday, February 16, 2015

Liquid Telecom Raises $150M for African Fiber Network

Liquid Telecom, a telecom group operating long-haul fiber network in southern and eastern Africa, announced $150 million in new funding to expand its infrastructure. The new funding was structured by Standard Chartered.

Liquid Telecom, which is controlled by African telecoms company Econet Wireless, has already built 18,00 0km of fiber across 15 nations, including Botswana, Democratic Republic of Congo, Kenya, Lesotho, Mauritius, Nigeria, Rwanda, South Africa, Uganda, Zambia, and Zimbabwe. The network offers connectivity to the five main sub-sea cable systems – WACS, EASSy, SEACOM, SAT 3 and TEAMS.