Liquid Telecom Group has acquired a majority stake in Raha, Tanzania’s leading Internet Service Provider marking its entry into Tanzania with over 1500 businesses on its network accessing fibre, satellite, WiMAX and Wi-Fi services.
The transaction details were not disclosed.
“We are very pleased to announce that this transaction has received its final approval. The agreement enables Liquid Telecom to expand its footprint into Tanzania, a growing and dynamic African country,” said Nic Rudnick, CEO, Liquid Telecom.
The deal opens up Tanzania to Liquid Telecom’s extensive fibre network, which is the largest of its kind serving eastern, central and southern Africa, spanning over 40,000km across 12 countries and gives the new enterprise and wholesale customers with direct and faster access to Tanzania and to all Eastern, Central and Southern Africa.
Raha operates a metro network throughout the Central Business District of Dar es Salaam as well as other areas of the Tanzania capital. It also operates WiMax and WiFi hotspots in over 150 locations across the country, including the cities of Arusha, Moshi, Mwanza, Mbeya and Tanga.
“We are thrilled with this approval and look forward to being part of a pan-African connectivity movement,” said Aashiq Shariff, CEO, Raha.
The Tanzania Communications Regulatory Authority (TCRA) approved the agreement on December 8, 2016.
Internet penetration in Tanzania has increased rapidly in recent years reaching 34% in 2015. Mobile subscriptions increased by more than 24% in 2015 to 39.8 million, while the number of internet users rose 52% year-on-year to reach 17.26 million last year, according to TRCA.