Egypt: Liquid Telecom to Invest 8 Billion EGP (U.S.$400 Million USD) in Egyptian Network Infrastructure and Data Centres Following Completion of 'Cape to Cairo' Link

press release

Leading pan-African telecoms group Liquid Telecom has announced that it is investing 8 billion Egyptian Pounds ($400m US Dollars) in Egypt over the next three years. This is part of a major partnership with Telecom Egypt which includes network infrastructure and data centres.

The investment announced today at the Africa 2018 Forum was made during a signing ceremony between the two companies. This historical agreement was signed by His Excellency, Dr Amr Talaat, The Egyptian Ministry of Communications and Information Technology and Group Executive Chairman of Liquid Telecom's parent company Econet, Mr Strive Masiyiwa. It was witnessed by Her Excellency Dr. Sahar Nasr, Egyptian Minister of Investment and International Cooperation

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