Displayed with permission from allAfrica.com
Liquid Telecom has received the final regulatory approval to close its latest transaction in Tanzania and has become the majority stakeholder of Raha, Tanzania’s leading Internet Service Provider.
Raha today serves over 1500 businesses as well as a growing number of retail customers with a range of connectivity solutions, including fibre, satellite, WiMAX and Wi-Fi. The acquisition provides Liquid Telecom’s enterprise and wholesale customers with direct and faster access to Tanzania and to all Eastern, Central and Southern Africa.
Tanzania will become the latest market to be added to Liquid Telecom’s extensive fibre network, which is the largest of its kind serving eastern, central and southern Africa, spanning over 40,000km across 12 countries.
The Tanzania Communications Regulatory Authority (TCRA) approved the agreement on December 8, 2016.
« We are very pleased to announce that this transaction has received its final approval. The agreement enables Liquid Telecom to expand its footprint into Tanzania, a growing and dynamic African country, » said Nic Rudnick, CEO, Liquid Telecom.
« We are thrilled with this approval and look forward to being part of a pan-African connectivity movement, » said Aashiq Shariff, CEO, Raha.