Leading pan-African telecoms group Liquid Telecom has announced that it is investing 8 billion Egyptian Pounds ($400m US Dollars) in Egypt over the next three years. This is part of a major partnership with Telecom Egypt which includes network infrastructure and data centres.
Telecom Egypt will use the network to connect Egyptian businesses to the rest of Africa, whilst also partnering with Liquid Telecom to build data centres across Egypt. Following an initial investment of $50m in data centres and cloud services, Liquid Telecom plans to invest an additional $350m in broadband and financial inclusion initiatives, as well as high capacity data centres.
Liquid Telecom’s expanding network is almost 70,000km in length and is linked to more than 600 towns and cities in 13 countries across Africa.
This follows the signing of a landmark partnership agreement with Telecom Egypt to mark the completion of Liquid Telecom’s ‘Cape to Cairo’ network. This network represents the first direct land-based terrestrial fibre link from Cape Town to Cairo.
The $400 million investment will enable Liquid Telecom to significantly expand its position as a connectivity and cloud solutions provider in North Africa, serving businesses in the region with world-class network and data centre services. Through its data centre offering, Africa Data Centres (ADC), Liquid Telecom is facilitating the growth of Africa’s Cloud by providing a platform for cloud services to be delivered locally in many markets for the first time.