Earlier this year Liquid Telecom announced the expansion of its One Africa network, having recently enhanced its capacity in Egypt and creating the Cape to Cairo network.
With the independent services provider aiming to increase its capabilities beyond the eastern side of the continent, Liquid Telecom first needs to address its infrastructure in Egypt.
To that end it has confirmed that a $400 million investment will be made to the infrastructure in the area, having signed an agreement with Telecom Egypt over the past weekend.
“The investment was made during a signing ceremony between the two companies on Saturday 8 December at the Africa 2018 Forum. This historical agreement was signed by Ahmed El Beheiry, Managing Director and Chief Executive Officer of Telecom Egypt, and Strive Masiyiwa – Group Executive Chairman of Liquid Telecom’s parent company Econet,” said a Liquid Telecom press release about the announcement.
In terms of what the sizeable investment will be put towards, Liquid Telecom is setting aside $50 million for data centres and cloud services. The remaining $350 million is designated for broadband and financial inclusion initiatives.
As for the data centres, they are said to be similar in functionality to the ones the company has in South Africa, but there is no timeline for their completion, or indeed start, at this stage.
“The $400 million 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. Through its data centre offering, Africa Data Centres (ADC), Liquid Telecom is facilitating the growth of Africa’s Cloud by providing a platform for cloud services to be delivered locally in many markets for the first time,” the press release concludes.
With Liquid Telecom becoming one of the largest independent operators on the African continent, this latest investment should help them expand their reach in the coming years.