Liquid Telecom gets R2.6-billion investment

Jamie McKane

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Liquid Telecom gets R2.6-billion investment

Liquid Telecom received a $180 million cash injection from U.K. development finance institution CDC Group Plc as Africa’s largest fiber-network operator expands broadband infrastructure across the continent.

The investment will give London-based CDC a stake of almost 10 percent in Liquid, which is majority owned by Zimbabwe’s Econet.

[Bloomberg]
 
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