Last month, Africa’s largest fibre company founded by Zimbabwean billionaire Strive Masiyiwa raised $840 million in debt capital. This week it announced it’s changing its identity from Liquid Telecom to Liquid intelligent Technologies.
Founded in 1997, the company started as the satellite and voice operator of Econet Satellite Services, a subsidiary of Econet Global. Then in 2004, Econet Satellite Services as it was called rebranded to Liquid Telecom and went on to launch high-speed, cross-border fibre networks linking Southern Africa to the rest of the world in 2009.
Over the years, as part of this growth, Liquid Telecom made numerous acquisitions, including the ISP Zimbabwe Online in 2012, Kenya Data Networks in 2013, Realtime Zambia in 2015, and Neotel in 2017.
Currently, Liquid has installed more than 70,000 kilometres (43,500 miles) of fibre across Africa. It operates five data centres in South Africa, Kenya and Rwanda.
Big picture: Looking beyond just the telecoms space, the company is now looking to become a one-stop-shop technology group through the expansion of its cloud business, cybersecurity services, and other technologies.