Liquid Telecom announces equity acquisition process with CDC Group
Friday, 05 April 2019 17:40
Liquid Telecom announced on April 3, 2019, the finalisation of the acquisiton process for 8% of its equity by CDC Group.
The process was finalized after all the regulatory approvals had been received. Thanks to the $180 million raised via this transaction, Liquid Telecom will densify its fibre optics network and boost its cloud and hosting offers in Africa.
“Data centres are the company’s fastest growing business and it already operates some of the biggest and most sophisticated data centres on the continent… Liquid is expected to push more aggressively westwards into countries like Cameroon, Nigeria and Ghana with its added war chest,” the company said in a statement.
The process was launched in December 2018. Liquid Telecom was then able to push back its listing on the London Stock Exchange.
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