News is going round that Liquid Telecom will re-enter the Kenyan market as a retail internet seller. Well this are not rumors as Liquid Telecom Kenya CEO, Ben Roberts, told the media that the company intends to complete the very many Fibre to the Home (FTTH) projects that the former owners of the company, Kenya Data Network (KDN), had started.
This, according to the CEO, will cost the company an estimated Ksh. 1.4 billion in Kenya. Roberts stated further that with the funding, Liquid will start offering fibre internet connectivity to homes, in a market currently dominated by Jamii Telecoms, which has 80,000 FTTH passes.
Liquid Telecom’s customers include wholesale carriers, mobile network operators, ISPs, financial institutions and businesses. Its UK parent firm recently announced that it had raised $50 million, to fund the expansion of its fibre network in Africa. The loan was facilitated by Standard Chartered and provided by large global investment banks.