Exclusive | Econet Media racked up more than R1.8-billion in external liabilities and was unable to pay suppliers before it was placed into administration earlier this week, a document seen by TechCentral shows.
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Liquid Telecom has concluded a transaction with CDC Group, which will see CDC become an 8% shareholder in for an investment of $180-million.
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.
The pan-African telecommunications group said on Monday it plans to invest $400-million in network infrastructure and data centres in Egypt following the completion of its “Cape to Cairo” link.
Econet Wireless Zimbabwe plans to list its financial units as a single entity on the country’s stock exchange and sell a majority stake in network operator Liquid Telecom Zimbabwe back to the firm’s parent company.
Liquid Telecom South Africa will embark on a retrenchment programme amid a major restructuring of the business, TechCentral can reveal.
Econet Wireless Zimbabwe is in talks about restructuring the company, according to two people familiar with the matter. The restructuring may be related to a planned listing of Liquid Telecom.
African telecommunications group Econet is considering selling shares on the London Stock Exchange at a valuation of about US$8bn next year after combining new and existing assets, according to people familiar with the matter
[dropcap]L[/dropcap]iquid Telecom believes there is a big opportunity to exploit the spectrum assets held by Neotel, the company it acquired…
Liquid Telecom, which recently concluded the R6.5bn acquisition of Johannesburg-headquartered Neotel, is raising US$700m (about R9bn) in long-term debt as it eyes further investment in network infrastructure in South Africa