Mauritius-based Liquid Telecom is keen to spend US$200mn as capital outlay to boost and expand its network across southern Africa
Company officials said the aim of this capital outlay was to enlarge its outlets on the African continent by building a fibre optic network throughout southern Africa.
Liquid Telecom will construct a fibre optic network covering Botswana, DR Congo, Lesotho, South Africa, Zambia and Zimbabwe, said a company executive. So far, the company has 17,000 km of fibre optic cables in southern and eastern Africa.
Ben Roberts, CEO of Liquid Telecom Kenya, said the company has raised nearly US$200mn and plans to invest the money in Africa.
“We’ve raised the money. It’s for investment immediately but we will invest it as quickly as we can,” Roberts remarked.
Since early 2013, Liquid Telecom has spent nearly US$20mn in Kenya and is looking to spend another US$30mn on network expansion, Roberts added.