Liquid Telecom has received the final regulatory approval to close its transaction and to become the majority shareholder of Raha, Tanzania's leading Internet Service Provider (ISP)
Raha is Tanzania's leading ISP, serving more than 1,500 businesses as well as a number of retail customers with a range of different way of connecting clients, including fibre, satellite, WiMAX and WiFi. They also operate in over 150 hotspot locations across the country including the cities of Arusha, Moshi, Mwanza, Mbeya and Tanga.
The acquisition of Raha by Liquid Telecom will enable enterprises and wholesale customers with direct and faster access to networks across Africa. Tanzania will become the latest market to be added to Liquid Telecom’s extensive fibre network, which is the largest of its kind serving eastern, central and southern Africa, spanning over 40,000km across 12 countries.The Tanzania Communications Regulatory Authority (TCRA) approved the agreement on December 8, 2016.
“We are very pleased to announce that this transaction has received its final approval. The agreement enables Liquid Telecom to expand its footprint into Tanzania, a growing and dynamic African country,” said Nic Rudnick, CEO, Liquid Telecom.
“We are thrilled with this approval and look forward to being part of a pan-African connectivity movement,” said Aashiq Shariff, CEO, Raha.