Breaking News

Econet's Liquid Telecoms to buy East African assets from an SA company

by Business reporter
29 January 2013 | 4314 Views
Liquid Telecom, Zimbabwe's largest internet company in terms of infrastructure, volume of traffic and customer base and a subsidiary of the Econet Wireless Group will purchase South Africa's Allied Technologies East african businesses.

Liquid Telecom is a major fibre player in Southern Africa and currently working on one of the longest fibre networks in the region spanning Lesotho, South Africa, Zimbabwe, Zambia and the DRC. Liquid Telecom also operates satellite internet facilities in the United Kingdom, Botswana, Nigeria, Zimbabwe, Lesotho, Somalia, Burundi, Niger and Kenya.

Wellington Makamumre, Managing Director at Liquid Telecom, said: "In Zimbabwe no other IAP has managed to achieve what Liquid Telecom has achieved in such a short space of time. Most operators have opted to wait for us to construct the network and then use it for their backhaul purposes.  Liquid Telecom now has a blueprint to deploy urban fibre in other countries."




Altech said the tie up with Liquid will create efficiencies that will be considerable and will enable the interconnectivity of the continent in a manner previously unachievable. Enterprises will, in many cases for the first time, be able to obtain point-to-point connectivity between a virtually unprecedented number of African countries. This network will provide reliable, high-speed, cost-effective connectivity to carriers, mobile operators, ISP's, homes, financial institutions and businesses of all sizes.

Altech Group CEO, Craig Venter believes that the realignment has substantial benefits for Altech. "As shareholders are aware, our East African activities have, in recent years been problematic and unprofitable, and we have previously expressed our intention to deal effectively with these challenges. The Liquid transaction opens up a positive new chapter for Altech, in partnership with a group with proven expertise in its sector."

Econet Liquid

Source: Byo24News

Is Itai Dzamara eyeing the US Green Card?

Yes
18.25%
No
76.46%
Not sure
5.29%
378

Comments

News Updates

Email:

Latest News

'We all came from central Africa and are foreigners to the land of the...

by Thembelani Batshwayi in Bulawayo, Zimbabwe | 19 April 2015 | 125 Views

Former minister cuts down mango trees after being fired

by Staff Reporter | 19 April 2015 | 561 Views

Teacher forges O'Level certificate, fails Maths question in court

by Staff Reporter | 19 April 2015 | 543 Views

Zimbabwean murderer escapes hangman's nose in Botswana

by Stephen Jakes | 19 April 2015 | 816 Views

Botswana faces HIV crisis in prisons - A High Court landmark case in w...

by Stephen Jakes | 19 April 2015 | 570 Views

Zimsec set 8 May as deadline for June exam registration

by Staff Reporter | 19 April 2015 | 485 Views

Zimbabwean professionals live in SA fear - Expatriate teachers, partic...

by Savious Kwinika I CAJ News. | 19 April 2015 | 1665 Views

Why are Africans to the north of us still unable to own the means of p...

by Nathaniel Manheru | 19 April 2015 | 776 Views

'Mutamba has nothing,' says Mtukudzi - OLIVER Mtukudzi is a leading Zi...

by Staff reporter | 19 April 2015 | 1116 Views

Chiwenga blasts Kasukuwere - MISS Zimbabwe Trust chairperson Mrs Marry...

by Staff reporter | 19 April 2015 | 1727 Views

MDC Renewal vows to soldier on - The 21 MDC Renewal MPs who were recen...

by Staff reporter | 19 April 2015 | 768 Views

Pressure mounts on ex-minister Jason Machaya - Pressure continues to m...

by Staff reporter | 19 April 2015 | 709 Views

'Gamatox' members invited to join People First - FORMER Zanu-PF spokes...

by Staff reporter | 19 April 2015 | 997 Views

Bulawayo to wait longer for Special Economic Zone status - BULAWAYO ha...

by Staff reporter | 19 April 2015 | 535 Views

700 xenophobic attack victims leave for Zimbabwe today - OVER 700 Zimb...

by Robin Muchetu | 19 April 2015 | 1368 Views

Mugabe disgusted by suspension of civil servants bonuses - THE Preside...

by Staff reporter | 19 April 2015 | 728 Views

'I raped my niece just for fun,' man tells court - A 21-YEAR-OLD Lupan...

by Fairness Moyana | 19 April 2015 | 1126 Views

Jonathan Moyo blasts Coltart - INFORMATION, Media and Broadcasting Ser...

by Tinomuda Chakanyuka | 19 April 2015 | 848 Views

School heads ban June exams - SOME school heads have banned pupils fro...

by Lungile Tshuma | 19 April 2015 | 935 Views

South Africa risk isolation over xenophobia - Zanu PF youth member and...

by Stephen Jakes | 19 April 2015 | 1294 Views

Vendors flood the market, retailers baffled

by Stephen Jakes | 19 April 2015 | 1356 Views

War vets who invaded Castle Arms Motel to be evicted - NITRAM Investme...

by Stephen Jakes | 19 April 2015 | 1298 Views

Mugabe savages Chinamasa - PRESIDENT Robert Mugabe suggested Saturday ...

by Staff Reporter | 19 April 2015 | 6461 Views

'Xenophobia show the failure of Mugabe's government,' says Mujuru - FO...

by Staff reporter | 19 April 2015 | 4762 Views

Entertainment

Zimbabwe music star conducts music workshops in Malawi

by Stephen Jakes | 19 April 2015 | 266 Views

Freddy Gwala eager to speak Shona

by Thobekile Zhou | 19 April 2015 | 713 Views

Lady Bee Marukazi (Official video)

by Staff Reporter | 18 April 2015 | 2509 Views

10 Zimbabwean artists pen anti-xenophobia song - 10 local artists hav...

by Staff reporter | 16 April 2015 | 2580 Views

ZAA announce comedy king Carl Joshua Ncube as headline act - LONDON - ...

by Arts Correspondent | 16 April 2015 | 1179 Views

Apologies from Brickz, No to xenophobia - Video - Apologies from Bric...

by Staff Reporter | 15 April 2015 | 5028 Views
iBlog

Is Pregnancy Putting Your Sexual Life On Pause?

it is often believed that once you become pregnant there is no way that you can have sexual intercourse until that baby is born, which results in placing a strong hold on different couples sex lives. in this article we are going to focus on how yo... Read More
adoniadennis 08 December 2014 ago

The Zero-day Vulnerability Cve-2014-4114 Impacting All Versions Of Microsoft Windows

new microsoft windows zero-day vulnerability - cve-2014-4114on tuesday, october 14, 2014, isight partners - in close collaboration with microsoft - announced the discovery of a zero-day vulnerability impacting all supported versions of microsoft win... Read More
SecNews 16 October 2014 ago