Altech buys stake in Liquid

Altech has agreed to buy 8.6% of Liquid‚ a company which operates and owns one of Africa's most extensive fibre optic networks.

Altech said on Monday (28 January) it would subscribe for the issue of new shares in Liquid for cash.

Liquid said its controlling shareholders had indicated that Altech may be able to increase its shareholding in future to enhance the strategic partnership between the two companies.

Liquid was established in 1997 as an independent telecommunications provider for international‚ voice‚ Internet and data traffic and other related services based on satellite communication technology.

Liquid has since become a supplier of fibre‚ satellite‚ international carrier services and infrastructure to fixed and mobile telecommunications operators‚ Internet service providers and enterprises in developing countries‚ particularly in central and southern Africa.