Tag: Liquid Telecom

Liquid Telecom rebrands to Liquid Intelligent Technologies as it transforms into a tech group

Frank

SOUTH AFRICA – Liquid Intelligent Technologies, a pan-African technology group, has announced the culmination of its extensive business transformation from being a telecommunications and digital services provider to a full one-stop-shop technology group through a group-wide rebrand. Over the last two decades, Liquid has firmly established itself as the leading pan-African digital infrastructure provider with an extensive network spanning over 73,000 KM.   The rebrand to Liquid Intelligent Technologies highlights the organisation’s expansion of its Cloud business, Cyber Security services, and other technologies added to its existing telecoms and connectivity…

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Liquid Telecom raises US$840m in bond issue

Frank

SOUTH AFRICA – Africa’s leading data, voice and IP provider Liquid Telecom has raised US$840 million in a bond sale to refinance debt and further expansion into Africa. The sale was conducted by joint bookrunners JPMorgan Chase & Co, Standard Chartered and Standard Bank Group, Liquid chief financial officer Kate Hennessy told TechCentral. The amount raised included a US$100-million investment by the International Finance Corp. The offering was 5.5 times oversubscribed, Hennessy said. “The level of interest from high-quality investors has been unprecedented for an African issuer and reflects an…

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Infrastructure fund EAIF to buy US$50m of a bond issue by Liquid Telecom

Frank

SOUTH AFRICA – The Emerging Africa Infrastructure Fund (EAIF) has committed to buy up to US$50m of a bond issue by Liquid Telecoms, that is being launched in February 22, 2021. The bond aims to raise US$600m, which will be used to refinance existing debt and for corporate purposes. The issuer will be Liquid Telecommunications Financing, a wholly-owned subsidiary of Liquid Telecoms Holdings. EAIF, acting through its agent Ninety One, along with the International Finance Corporation (IFC) and DEG, have committed to place orders to purchase up to an aggregate…

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Liquid Telecom buys Microsoft Dynamics specialist Quattro Business Solutions MEA operations

Frank

MEA – Pan-African telecoms group Liquid Telecom Group, has acquired the Middle East & Africa operations of Quattro Business Solutions (QBS), a company that specialises in Microsoft Dynamics enterprise software which it says will allow the company to innovate and enhance its digital services offerings. “The strategic acquisition of this international partner allows Liquid Telecom to increase the breadth of digital service offerings to local partners,” the company said in a statement on. QBS is an official indirect cloud solution provider for Microsoft Dynamics and supports about 800 partners in 25 countries. “This purchase…

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US backs Africa Data Centers with US$300m for expansion and acquisitions

Frank

SOUTH AFRICA – The United States government is investing US$300m in Liquid Telecom’s Africa Data Centers (ADC), to fund expansion in South Africa and Kenya as well as new builds and acquisitions elsewhere. The International Development Finance Corporation (IFC), based in Washington DC, says the finance will also ADC’s entry into new markets in other African countries. Strive Masiyiwa, head of Econet Wireless, the Zimbabwe operator that owns Liquid Telecom and ADC, said that the money will allow them to expand our facilities in South Africa and Kenya, as well…

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Liquid Telecom appoints Wole Abu as Chief Executive Officer for Nigeria

Frank

NIGERIA – Liquid Telecom has appointed Wole Abu as Chief Executive Officer (CEO) for Nigeria. Wole will also serve as the CEO of the company’s new Africa Data Centre (ADC) in the country, effective January 2021. This new Data Centre in Nigeria once completed will address the growing demand for cloud storage and digital services on the continent, and Abu will be responsible for overseeing the strategic growth of ADC’s operations in this new market. The organisation had recently acquired a premium piece of land in Lagos to build the…

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Liquid Telecom intensifies fibre rollout in Botswana

Frank

BOTSWANA – Pan-African telecoms group, Liquid Telecom, is activating 82km of fibre in a cross-border network into Botswana. According to the company, this implementation gives more people in Botswana access to Liquid Telecom’s footprint of over 73,000km of Pan African fibre, and increased access to the global digital economy. This expansion connects the Lobatse Border to Gaborone with intent to create efficient mobility and connectivity in Botswana. “At Liquid Telecom, we have a proven track record of investing in and deploying technology designed to grow, strengthen and build Africa’s digital…

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Liquid Telecom eyes US and Europe with Zayo partnership

Frank

ZIMBABWE – Pan-African telecoms group, Liquid Telecom, is eyeing expansion in North America and Europe after partnering with Zayo, a global provider of communications infrastructure. In a statement, the companies say the deal will see Liquid Telecom and Zayo leverage existing networks for many of their customers that have operations in North America and Europe, in addition to their African operations. “We have long been committed to building Africa’s digital future, and know that for African companies to be competitive, they have to be a part of the global digital…

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Econet, X’s Project Taara to deploy high-speed internet technology across sub-Saharan Africa

Frank

AFRICA – Econet Group, a leading telecom and technology group in Africa, has teamed up with X’s Project Taara to expand and enhance affordable, high-speed connectivity to communities across sub-Saharan Africa using a new optical wireless technology developed by Taara. This is the first roll-out of Taara’s technology in Africa. Taara is a project at X, Alphabet’s Moonshot Factory (formerly known as Google[x]), which works to bring affordable and abundant high-speed internet access to unconnected and unconnected areas and communities through an innovative approach to wireless optical communication technology. Taara’s…

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Liquid Telecom raises US$307m in rights issue

Frank

SOUTH AFRICA – Fibre network operator Liquid Telecom, has raised US$307 million through a rights issue to fund a rapid expansion of its data centre business across Africa. The rights issue included an additional $40 million from UK development finance institution CDC Group, the group said in a statement. Africa’s largest fibre network operator is planning to expand its data centre unit in five of the continent’s fastest growing countries including Egypt and Nigeria, said Stephane Duproz, Liquid’s Africa Data Centres head. Global technology giants are competing to establish affordable and…

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