Liquid Telecom, a subsidiary of the South African group Econet, and operator Telecom Egypt initialed Friday, July 13, an association agreement for the creation of the first fiber optic network in Africa.
Signed on the sidelines of the Annual General Meetings of the African Export-Import Bank (Afreximbank) held in Abuja, this Memorandum of Understanding is an important step in a strategy to penetrate the African market and make available to customers across Africa, Telecom Egypt’s most advanced global technology and infrastructure services.
The cable, which will connect Cape Town to Cairo, will have to go through the Liquid Telecom network in Sudan to connect it to Telecom Egypt’s network via a new cross-border interconnection for a distance of 60,000 km. The project aims to build a network covering the entire continent.
As a reminder, Liquid Telecom, specializing in fiber optics, has a network in Southern Africa that already covers South Africa, Zimbabwe (parent company of the group), Lesotho, Botswana and the Democratic Republic of Congo, and also sign its presence in Uganda, Kenya and Rwanda.
