Liquid Telecom, a subsidiary of Econet Wireless Group, has extended its footprint into Tanzania with the acquisition of a majority stake in Raha, Tanzania’s leading Internet Service Provider.
Established seventeen years ago, Raha today serves over 1500 businesses as well as a growing number of retail customers with a range of connectivity solutions, including fibre, satellite, WiMAX and Wi-Fi. With this acquisition, Liquid Telecom’s enterprise and wholesale customers will have direct and faster access to Tanzania and to all Eastern, Central and Southern Africa.
Tanzania will become the latest market to be added to Liquid Telecom’s extensive fibre network, which is the largest of its kind serving eastern, central and southern Africa, spanning over 40,000km across 12 countries.
The Tanzania Communications Regulatory Authority (TCRA) approved the agreement on December 8, 2016.
“We are very pleased to announce that this transaction has received its final approval. The agreement enables Liquid Telecom to expand its footprint into Tanzania, a growing and dynamic African country,” said Nic Rudnick, CEO, Liquid Telecom.
“We are thrilled with this approval and look forward to being part of a pan-African connectivity movement,” said Aashiq Shariff, CEO, Raha.
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