Liquid Telecom To Ink Data Centre Infrastructure Deal With Telecom Egypt
Egypt’s investment ministry has announced that the pan-African operator Liquid Telecom will now be able to invest in Egyptian telecoms under the terms of an outline deal recently signed with Telecom Egypt.
The ministry released a statement declaring that Liquid Telecom, an extension of Econet Wireless Global, plans to invest $400 million in data centres, financial inclusion and infrastructure.
The deal includes a collaboration between a subsidiary of Liquid, Africa Data Centres and Telecom Egypt, to build and operate a number of new data centres across Egypt.
The statement added that the partnership wants to add new data centre capacities to match the increasing growth of the Egyptian ICT sector.
According to the statement, a data centre that is planned to be built in Cairo will be connected to facilities in other countries to form the broadest network of telecommunication centres on the African continent.
Liquid Telecom’s CEO, Nic Rudnick also released a statement saying that expanding the Africa Data Centres brand into Northern Africa for the first time solidifies Liquid’s intention to be an authentically pan-African data centre provider.
Credit: This article originated from www.reuters.com