Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Cloud

Liquid Telecom Commits to $400M Investment in Egypt

Article Image
Liquid Telecom is nothing if not ambitious. Identifying an opportunity to be the primary terrestrial link between Egypt (and, by extension, the Middle East) and the rest of Africa, Liquid Telecom has committed, as part of a partnership with Telecom Egypt, to invest $400 million in network infrastructure, data center facilities and supporting systems in Egypt during the next three years.

The two operators sealed a partnership agreement over the weekend, with Ahmed El Beheiry, Managing Director and CEO of Telecom Egypt (below on the right), and Strive Masiyiwa, Group Executive Chairman of Liquid Telecom's parent company Econet (on the left), putting pen to paper.

The partnership agreement follows the completion of Liquid Telecom's 60,000-km 'Cape to Cairo' transport network link, which was completed recently and which is part of Liquid's ambitious "One Africa" plan to bring connectivity to the entire continent. (See Sea Change for Africa With Liquid's Fiber Link? and Liquid Telecom, Telecom Egypt to Complete 'One Africa' Network.)

Telecom Egypt plans to use the network built by Liquid Telecom to help connect Egyptian businesses to the rest of Africa: The two operators will also team up to build data centers in Egypt. Liquid says it has already invested $50 million in data center and cloud services infrastructure and that it will "invest an additional $350m in broadband and financial inclusion initiatives, as well as high capacity data centres."

According to Masiyiwa, the next mission is to complete a link between Cairo and Dakar, the capital of Senegal, through Sudan, Chad, and Nigeria, as well as the rest of West Africa. “We have already crossed Africa from East to West through Sudan and Chad. We are at the Nigerian border and we expect to reach Abuja by the end of January," he noted.

— Ray Le Maistre, Editor-in-Chief, Light Reading for Connecting Africa.

Innovation hub

Story

Ghana's regulator declares Starlink operations illegal

The National Communications Authority (NCA) of Ghana has announced that the operation of SpaceX's satellite Internet service, Starlink, is illegal in the country.

Story

Liquid appoints ex-Cell C exec Lerato Pule as its CFO

Pan-African digital infrastructure provider Liquid Intelligent Technologies has appointed former Cell C exec Lerato Pule as its new chief financial officer.

More Innovation hub

Latest video

More videos

Industry announcements

More Industry announcements

Sponsored video

More videos

Africa Tech Perspectives

Story

Uber's Marjorie Saint-Lot on inclusion and sustainability in Africa

Uber's Country Manager for Ghana and Cote d'Ivoire, Marjorie Saint-Lot, shares how the ride-hailing company is approaching public-private partnerships, environmentally friendly initiatives and gender inclusion in Africa.

Story

The 100 most influential African leaders in 2023

A new report from Africa Tech Festival and Connecting Africa puts a spotlight on the top 100 African leaders in the telecoms and technology sector in 2023.

Story

Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.

More Africa Tech perspectives

Partner perspectives

All Partner Perspectives

Guest Perspectives

Story

Omdia View: September 2023

By Omdia Analysts

Highlights in September 2023 in the Middle East and Africa included more 5G spectrum licenses, vendor and operator strategies, and partnerships – that and more in this month's Omdia View.

Story

Omdia View: August 2023

By Omdia Analysts

Highlights in August 2023 in the Middle East and Africa included a commercial 5G launch from Ethio Telecom and the signing of a virtual wheeling agreement between Vodacom South Africa and Eskom – that and more in this month's Omdia View.

More Guest Perspectives

Like us on Facebook

Newsletter Sign Up


Sign Up
Tag id I-0000192