Africa’s largest fiber network will be formed as Liquid Telecom buys South African converged network operator Neotel.
The deal, valued at ZAR 6.55 billion (USD466m), has received unconditional approval from the Independent Communications Authority of South Africa (ICASA). This follows approval from South Africa’s Competition Commission in October 2016. The transaction will create the largest pan-African fiber network and B2B communications services provider. Liquid Telecom’s partner, South African investment group Royal Bafokeng Holdings (RBH), will own a 30% stake in Neotel.