Liquid Telecom’s acquisition of Altech’s assets in East Africa will connect nine African nations with “the longest single international fibre network” on the continent.
This will see the creation of a network spanning Uganda, Rwanda, Zambia, Zimbabwe, Botswana, Democratic Republic of Congo (DRC), Lesotho and South Africa, which according to Liquid Telecom will provide reliable, high-speed, cost-effective connectivity to carriers, ISPs, homes, financial institutions and businesses of all sizes.
“Liquid has been building and investing in a high-quality pan-African fibre network for many years and this deal will accelerate our progress by enlarging our network footprint and complementing our existing product portfolio,” said Nic Rudnick, CEO of Liquid Telecom, adding that the company is ambitious and is looking to have long-term investment plans in the firms it is acquiring.
Commenting on the acquisition, Altech Group’s chief executive Craig Venter said: “The Liquid transaction opens a positive new chapter for Altech in partnership with a group with proven expertise in its sector.”
