Liquid Telecom, Africa’s biggest fibre company, has turned to solar power in South Africa, where recurrent power outages shut businesses temporarily earlier this year.
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The Public Investment Corporation is poised to take a stake in Liquid Telecom if Africa’s biggest fibre company goes ahead with a planned initial public offering, according to sources.
Shareholders in telecommunications company Vox, including Rand Merchant Bank, have agreed to buy out fellow investor Investec as part of a R2-billion recapitalisation of the company.
Liquid Telecom has concluded a transaction with CDC Group, which will see CDC become an 8% shareholder in for an investment of $180-million.
Promoted | RMB recognises that to facilitate funding to its various clients requires a detailed understanding and mitigation of the risk in the technology sector and close collaboration among its product experts.
Liquid Telecom is giving serious thought to leveraging its spectrum asset in the 3.5GHz band, which happens to be ideally suited to the roll-out of next-generation 5G mobile broadband technology.
Liquid Telecom said on Thursday that MTN South Africa will roam on its soon-to-be-launched 4G/LTE network. MTN will be Liquid Telecom’s first customer on the network.
In the first TalkCentral podcast of 2019, show hosts Duncan McLeod and Regardt van der Berg digest Apple’s revenue warning and ask where the company is headed this year and beyond.
Liquid Telecom South Africa plans to spend billions of rand building a national 4G/LTE network in South Africa, and it will offer wholesale roaming services to other operators from early 2019, it said on Friday.
Liquid Telecom received a $180-million cash injection from UK development finance institution CDC Group as Africa’s largest fibre network operator expands broadband infrastructure across the continent.