Liquid Telecom has acquired 10% of Realtime, the second largest Internet Service Provider in Zambia and will vend Liquid’s 100Mbps FTTH and satellite offerings to homes and businesses of all sizes across Zambia, as well as its existing WiMAX network.
The FTTHservice is initially available to 15,600 homes and businesses in Lusaka but this deal aim to see it reach 20,000 premises in Lusaka by year-end.
Andrew Kapula, CEC Liquid Telecom Managing Director, said “This is another major milestone for both our company and the Zambian telecoms market. We will continue to invest in Zambia so that we can provide operators, ISPs, homes and businesses of all sizes with the fastest and most reliable broadband available in Zambia. We believe in the power of connectivity to change lives and will continue to build a high-quality network that will enable our people and businesses to prosper.”
CEC Liquid Telecom will continue to provide wholesale products and services to all licensed operators in Zambia. Realtime will receive network access from CEC Liquid Telecom on the same terms as other providers.
CEC Liquid Telecommunications Limited is a JV between The Liquid Telecom Group and Copperbelt Energy Corporation PLC (CEC), a Zambian power generation, transmission and distribution company. While Realtime is a 50:50 JV between Copperbelt Energy (CEC) and Realtime Technology Alliance Africa (RTAA) since 2009.
CEC Liquid Telecom said it will continue to provide wholesale products and services normally to Zambian licensed operators including Realtime.