{"id":575786,"date":"2020-10-27T04:03:13","date_gmt":"2020-10-27T04:03:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/27\/liquid-telecom-to-invest-in-egypt-data-centers\/"},"modified":"2020-10-27T04:03:13","modified_gmt":"2020-10-27T04:03:13","slug":"liquid-telecom-to-invest-in-egypt-data-centers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/27\/liquid-telecom-to-invest-in-egypt-data-centers\/","title":{"rendered":"Liquid Telecom to invest in Egypt data centers"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Liquid Telecom to invest in Egypt data centers:<\/strong> African communications company Liquid Telecom<\/a> is looking to grow its data center arm in Egypt as part of a continent-wide expansion plan, the company said in a statement picked up by Bloomberg<\/a>. The company, Africa\u2019s largest high-speed internet provider, has raised USD 307 mn through a rights issue, which included an extra USD 40 mn from the UK government\u2019s development arm CDC Group. The company did not disclose how much of the funding would be earmarked for Egypt, but said it was part of a group of four countries that would receive investment.<\/p>\n

This comes almost two years after the company <\/strong>announced a three-year USD 400 mn investment plan<\/a><\/strong> to develop its data center infrastructure in Egypt. Working with state-owned landline monopoly Telecom Egypt, the company said it would spend USD 50 mn on data centers and cloud services before putting the remaining USD 350 mn into \u201cbroadband and financial inclusion initiatives.\u201d<\/p>\n

Egypt is at the center of the company\u2019s plans to connect east and west Africa:<\/strong> The CEO of parent company Econet Global said in 2018 that it was looking to link Cairo to Senegalese capital Dakar via cables running through Sudan, Chad and Nigeria. The South Africa-based firm, which has laid more than 70k km of fiber cables across the continent, said it aimed to link the two capitals during Egypt\u2019s term heading the African Union, which finished in February this year. The company has not provided updates on how the project is progressing.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Liquid Telecom to invest in Egypt data centers: African communications company Liquid Telecom is looking to grow its data center arm in Egypt as part of a continent-wide expansion plan, the company said in a statement picked up by Bloomberg. The company, Africa\u2019s largest high-speed internet provider, has raised USD 307 mn through […]<\/p>\n","protected":false},"author":1,"featured_media":575787,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[3271,3187,6145,72,10292,4273,6144,1914,623,295,2380,126,212],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-cdc-group","tag-chad","tag-econet-global","tag-enterpriseam","tag-fiber","tag-high-speed-internet","tag-liquid-telecom","tag-nigeria","tag-senegal","tag-south-africa","tag-speed-round","tag-sudan","tag-telecom-egypt","wpautop","entry"],"acf":{"mongo_id":"2407ffcd-5885-4f96-bc5b-4cc4033caa08","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/10\/286.jpg","photo_position":"above","related_issue":[575781],"teaser":"","voice_url":""},"yoast_head":"\nLiquid Telecom to invest in Egypt data centers - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/27\/liquid-telecom-to-invest-in-egypt-data-centers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liquid Telecom to invest in Egypt data centers\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Liquid Telecom to invest in Egypt data centers: African communications company Liquid Telecom is looking to grow its data center arm in Egypt as part of a continent-wide expansion plan, the company said in a statement picked up by Bloomberg. 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Among the takeaways from the many announcements of the past 24 hours: EBRD is backing accelerators Falak, EFG-EV Fintech and Misr El Kheir, offering advisory support to each of them and their portfolio companies, the institution said in a statement (pdf).Falak\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575759,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/26\/telecom-egypt-to-complete-egypts-largest-international-data-center-in-2021\/","url_meta":{"origin":575786,"position":4},"title":"Telecom Egypt to complete Egypt\u2019s largest international data center in 2021","author":"enterpriseam admin","date":"26 October 2020","format":false,"excerpt":"State-owned Telecom Egypt (TE) plans to bring Egypt\u2019s largest international data center online in 2021, local press reported. 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