Liquid Telecom secures $150M to extend super-fast broadband network in Africa that will be 5x faster than what is available in the UK

Strive Masiyiwa, Founder & Chairman of Econet Wireless. Econet Wireless is the owner of Liquid Telecom.

Liquid Telecom, a telecoms group aiming to build better broadband in parts of Africa than is available in the UK, has raised $150m to extend its superfast fibre networks across the continent.

The group, which is controlled by African telecoms company Econet Wireless but has a head office in London, will use the additional funds to build fibre broadband networks in several countries in the region.

“Our fibre to the home is better than many parts of the UK and even London,” said Nic Rudnick, chief executive of Liquid Telecom, who added that the group aimed to connect 100,000 homes by the end of the year with broadband that could reach speeds of 100 mbps. The UK average, in contrast, is about 20 mbps.

Read more: Liquid Telecom raises $150m to extend broadband in Africa – FT.com.

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