Liquid Telecom has completed the acquisition of the remaining 50 per cent stake in its Zambian subsidiary, CEC Liquid Telecom, from Copperbelt Energy Corporation.
The acquisition will help facilitate the group’s digital transformation strategy through an enhanced operating model and the benefit of 100 per cent of the cash flows from CEC Liquid Telecom and its retail arm, Hai Zambia.
“The acquisition of CEC Liquid Telecom represents another major milestone towards the delivery of Liquid Telecom’s vision to build Africa’s digital future,” said Nic Rudnick, Liquid Telecom Group CEO. “We have continued to expand the footprint of our network and broadened our award-winning product offering. These actions reinforce our position as a leader in cloud networking and digital transformation. We look forward to bringing the benefits of this acquisition to our valued clients across the region.”
By acquiring the remaining shares in the company, Liquid Telecom will be able to among other things focus on growing its wholesale, enterprise and retail offering across Zambia, resulting in improved customer service and the delivery of new products. This includes cloud-based services such as Microsoft Office 365 and Azure Stack, which will now be hosted locally in Zambia for the first time.
The acquisition will also enableLiquid Telecom to invest further in its fibre network in Zambia, providing businesses and consumers with greater reach and network speeds across the country. Finally, it will enable the firm to connect Zambia to Liquid Telecom’s “One Africa” broadband network, allowing access to the single largest independent fibre network on the continent – stretching all the way from Cape Town to Cairo.
Liquid Telecom and CEC first entered into the joint venture in 2011, and during this time it has invested in the rollout of a fibre optic network across Zambia that today delivers some of the country’s and Africa’s fastest broadband speeds.
Serving a range of wholesale, enterprise and retail customers, CEC Liquid Telecom recently launched a leading 4G LTE network in all 10 provinces of the country. Earlier this year, the company also began offering Microsoft Office 365 to businesses of all sizes in Zambia accessed through its leading-edge fibre network.
The Zambian operations will form a key part of Liquid Telecom’s focus on the Southern Africa region, alongside Zimbabwe, Democratic Republic of Congo and Botswana.
Liquid Telecom Zambia will sit under the leadership of the new Regional CEO of Southern Africa, Wellington Makamure.
Liquid Telecom has operations in 13 countries primarily in Eastern, Central and Southern Africa and serves mobile operators, carriers, enterprise, media and content companies and retail customers with high-speed, reliable connectivity, hosting and co-location and digital services.
It has built Africa’s largest independent fibre network, spanning over 50,000km, and operates state-of-the-art data centres in Johannesburg, Cape Town and Nairobi, with a combined potential 19,000 square metres of rack space and 80 MW of power.
This is in addition to offering leading cloud-based services, such as Microsoft Office365, Microsoft Azure and innovative digital content provision including Netflix and Kwesé TV across our fibre footprint.
Through this combined offering, Liquid Telecom is enhancing customers’ experience on their digital journey.