Liquid Telecom, a South Africa (SA)-based unit of telecommunications company Econet Wireless, has revealed that it is committing $400 million in Egypt over the next three years.
The investment is part of a major collaboration with telephone company Telecom Egypt which includes network infrastructure and data centers.
Telecom Egypt will use the network to connect Egyptian businesses to the rest of Africa, while also collaborating with Liquid Telecom to construct data centers across Egypt.
The $400 million injection will enable Liquid Telecom majorly to extend its position as a connectivity and cloud solutions provider in North Africa, serving businesses in the region with a world-class network and data center services.