{"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":596580,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/02\/telecom-egypt-plans-to-invest-egp-17-bn-through-2020\/","url_meta":{"origin":575786,"position":1},"title":"Telecom Egypt plans to invest EGP 17 bn through 2020","author":"enterpriseam admin","date":"2 July 2019","format":false,"excerpt":"INVESTMENT WATCH- Government-owned carrier Telecom Egypt (TE) is planning to invest EGP 17 bn through 2020, Reuters reports. The company is accelerating efforts to develop its infrastructure and improve its networks by 2020, two years earlier than initially planned. The company said last month that it was planning to build\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":649996,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/14\/earnings-watch-orwe-telecom-egypt\/","url_meta":{"origin":575786,"position":2},"title":"Earnings watch: ORWE, Telecom Egypt","author":"enterpriseam admin","date":"14 March 2017","format":false,"excerpt":"** EARNINGS WATCH- Oriental Weavers reported a consolidated net profit of EGP 528.9 mn in 2016, up from EGP 339.1 mn a year earlier, the company said in its earnings release. It sees \u201cexport performance in [USD] terms continuing to recover and our successful response to the floating of the\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":629097,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/22\/telecom-egypt-signs-spa-for-acquisition-of-otmts-mena-cables\/","url_meta":{"origin":575786,"position":3},"title":"Telecom Egypt signs SPA for acquisition of OTMT\u2019s MENA Cables","author":"enterpriseam admin","date":"22 May 2018","format":false,"excerpt":"M&A WATCH- TE inks SPA for USD 90 mn acquisition of OTMT\u2019s MENA Cables: Telecom Egypt (TE) subsidiary the Egyptian International Submarine Cables Company (EISCC) has executed a sale and purchase agreement for the USD 90 mn acquisition of Orascom Telecom Media and Technology (OTMT) subsidiary MENA Cables, according to\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":624965,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/24\/te-to-acquire-additional-stake-in-eiscc-for-usd-15-mn-gaining-full-control-over-mena-submarine-cable\/","url_meta":{"origin":575786,"position":4},"title":"TE to acquire additional stake in EISCC for USD 15 mn, gaining full control over MENA Submarine Cable","author":"enterpriseam admin","date":"24 September 2018","format":false,"excerpt":"**#5 M&A WATCH- TE to acquire additional stake in EISCC for USD 15 mn, gaining full control over MENA Submarine Cable: Telecom Egypt (TE) announced yesterday that its board of directors approved the acquisition of an additional 50% stake in its subsidiary the Egyptian International Submarine Cable Company (EISCC) for\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":629460,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/31\/telecom-egypt-inks-usd-200-mn-financing-agreement-brokered-by-chinas-huawei-will-use-funds-to-roll-out-4g-network\/","url_meta":{"origin":575786,"position":5},"title":"Telecom Egypt inks USD 200 mn financing agreement brokered by China\u2019s Huawei, will use funds to roll out 4G network","author":"enterpriseam admin","date":"31 May 2018","format":false,"excerpt":"TE cozying up to China: Telecom Egypt and China\u2019s Huawei Technologies signed a USD 200 mn long-term financing agreement with a number of Chinese financial institutions, including the the Bank of China and the China Export and Credit Insurance Corporation (Sinosure). 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