Strive Masiyiwa, CEO of Econet Wireless, is preparing the entry of Liquid Telecom on a European stock exchange for 2016
In view of the dynamism displayed by the Liquid Telecom group, provider of broadband fiber optic and satellite connectivity in East, Southern and West Africa, Strive Masiyiwa, the founder and CEO of the Econet Wireless group, the parent company, decided to list it on a European stock exchange in 2016. Advisers whose identity has not been revealed have already been retained to support the company in this process.
Today, according to Strive Masiyiwa, Liqui Telecom has successfully positioned itself as an open provider of fiber and satellite infrastructure, used by almost all of the major mobile network providers in Africa. Its clients include MTN, Orange, Tigo, and Vodafone, the major continental banking groups, distribution groups and mining groups. Just a few days ago, the group signed an agreement with Bharti Airtel for access to its large fiber optic network and the construction of additional infrastructure.
To meet the current exponentially growing demand on its network, Strive Masiyiwa said that Liquid Telecom will deploy an additional 20,000 km of fiber optics in the next three years. The company now has the skills to play in the big leagues. It will need significant investment to meet its commitments and that is why “we are considering its return to the capital market,” revealed Strive Masiyiwa.
The Econet Wireless group has three subsidiaries which are not all listed on the stock exchange. There is Econet Wireless, better known, focused on mobile telecommunications services with activities and investments in nine countries: South Africa, Lesotho, Zimbabwe, Botswana, Burundi, Nigeria, Bolivia, Dominican Republic, and New Zealand. Liquid Telecom is focused on providing broadband fiber optic and satellite connectivity to businesses, including other telecommunications providers. The company is present in 15 countries. Finally, there is Cassava Connect which deals mainly with mobile financial services and insurance services.
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