The pan-African telecoms group will invest $400 million in Egyptian network infrastructure and data centres, following completion of the ‘Cape to Cairo’ link.
Pan-African telecoms group, Liquid Telecom, has announced it is investing $400 million (R5.6 billion) in Egypt over the next three years, following the completion of its ‘Cape to Cairo’ link. This is part of a major partnership with Telecom Egypt, which includes network infrastructure and data centres.
Following an initial investment of $50 million (R706 million) in data centres and cloud services, Liquid Telecom plans to invest an additional $350 million (R4.9 billion) in broadband and financial inclusion initiatives, as well as high-capacity data centres. These will be similar to some of the best-in-class data centres in SA, Liquid Telecom says.
This follows an agreement in July 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, South Africa to Cairo, Egypt.
The $400 million investment will enable Liquid Telecom to significantly expand its position as a connectivity and cloud solutions provider in North Africa, the company says, serving businesses in the region with “world-class network and data centre services”.
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. It is also part of the wider ‘One Africa’ broadband network, which has been strongly supported by the African Union leadership.