Liquid invests £8 billion in Egypt telcoms expansionfrom AHMED MOOLA in Cairo, EgyptCAIRO, (CAJ News) – LIQUID Telecom is investing Egypt £8 billion (US$400 million) in the North African country over the next three years to boost Telecom Egypt’s network infrastructure and data centres expansion exercise. The investment announced at the Africa 2018 Forum follows the completion of Liquid Telecom’s ‘Cape to Cairo’ link. Liquid Telecom’s investment would enable the company significantly expand its position as a connectivity and cloud solutions provider in North Africa, serving businesses in the region with world-class network and data centre services. We want to reach Dakar before (Egypt) President El-Sisi finishes his term,” Masiyiwa said. Following an initial investment of $50m in data centres and cloudservices, Liquid Telecom plans to invest an additional $350m in broadband and financial inclusion initiatives, as well as high capacity data centres.

Source: The North Africa Journal December 10, 2018 06:22 UTC