Liquid telecom to invest $34M in Rwanda

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Liquid telecom to invest $34M in Rwanda

As part of its ambitious $200 million Africa expansion plans, Liquid Telecom has announced a bold million investment in East Africa’s most competitive economy, Rwanda.

This was revealed by Sam Nkusi, CEO of Liquid Telecom Rwanda, who has prioritized the building of internet enabling infrastructure as the core expenditure item.

According to Nkusi, some 3,500 residential and commercial buildings should be connected to the internet by the end of 2014.

“So far, we have already laid 46km of underground fiber optic cable in Kigali. Where we haven’t reached, we lease from the government some of the ducts on a long-term basis. Rwanda is key in connecting East and Central African capitals with route diversity and reliability,” he said.

In Rwanda, Liquid Telecom has about 1,235 customers including Airtel, but it comes second after MTN Rwanda in terms of revenues and bandwidth. Besides MTN and Liquid Telecom, there are 7 other internet service providers jostling for a bigger share of the East African country’s telecoms market.

Besides its presence in East Africa, Liquid Telecom is also making moves around the southern corridor by constructing a fiber optic cable network covering South Africa, Botswana, Zambia, Zimbabwe and the Democratic Republic of Congo.

The launch of 4G LTE internet in Rwanda earlier this month was greeted by all stakeholders, including Liquid Telecom, as a welcome development. Mr. Nkusi believes his firm can leverage this new development as well as previous investment in infrastructure to reach previously unsaved areas of the country.

Liquid Telecom looks to position as the leading independent data, voice and IP provider in eastern, southern and central Africa, supplying fiber optic, satellite and international carrier services to mobile networks, ISPs and businesses of all sizes, as well as communication solutions for individuals

 

About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

More posts by | Visit the site of Ndaka

 

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