Business / Companies
Liquid Telecom Acquires Rwandatel
04 Jun 2013 at 05:33hrs | Views
KIGALI - Econet Wireless owned fibre and satellite operator, Liquid Telecom yesterday announced that it has acquired Rwandatel, Rwanda's fixed line network operator.
The deal includes Rwandatel's copper and fibre network and its customer base but excludes most of the land (which remains the property of Rwandatel). Liquid Telecom is a leading wholesale carrier in Africa.
It has built a fibre network which runs from the north of Uganda to Cape Town. In total, its Pan-African fibre network spans over 13,000 km across Kenya, Uganda, Rwanda, Zambia, Zimbabwe, Botswana, DRC, Lesotho and South Africa.
Nic Rudnick, CEO of the Liquid Telecom Group, said,"Liquid Telecom is expanding rapidly and this is an important and strategic investment. Rwanda is an outstanding foreign direct investment destination and we are very confident in the country's economic future and growth prospects."
The deal includes Rwandatel's copper and fibre network and its customer base but excludes most of the land (which remains the property of Rwandatel). Liquid Telecom is a leading wholesale carrier in Africa.
It has built a fibre network which runs from the north of Uganda to Cape Town. In total, its Pan-African fibre network spans over 13,000 km across Kenya, Uganda, Rwanda, Zambia, Zimbabwe, Botswana, DRC, Lesotho and South Africa.
Nic Rudnick, CEO of the Liquid Telecom Group, said,"Liquid Telecom is expanding rapidly and this is an important and strategic investment. Rwanda is an outstanding foreign direct investment destination and we are very confident in the country's economic future and growth prospects."
Source - Byo24News
