South African communications network operator Neotel has today officially become part of the pan-African telecoms group Liquid Telecom, marking a new era of investment in Neotel’s network and services across the continent
Through substantial new capital from Liquid Telecom, which is a subsidiary of Econet Global, a revitalized Neotel will emerge on the South African market with significantly enhanced service offerings for enterprises and consumers.
Over the coming months, Liquid Telecom plans to make extensive upgrades and expansions to Neotel’s network, delivering greater levels of high-speed connectivity to more customers across South Africa.
Liquid Telecom also plans to make substantial investment in Neotel’s data centre capabilities, which currently include two Tier 3 designed state-of-the-art data centres in Johannesburg and Cape Town.
For the first time, Neotel’s operations and focus will also become pan-African. Its network in South Africa will link together with Liquid Telecom’s extensive fibre footprint to offer access via a single connection to over 40,000km of cross border, national and metro fibre networks.
This will give Liquid Telecom unrivaled reach across Eastern, Central and Southern Africa.
“I am delighted to officially welcome Neotel into the Liquid Telecom Group,” says Nic Rudnick, Group CEO of Liquid Telecom.
“Today is an important new chapter for Neotel. The refinancing of the company’s balance sheet will see a revitalized Neotel enter the market with the ability to offer consumers and businesses greater quality services and products delivered through world-class networks.
As Liquid Telecom continues to grow, we are committed to maintaining our entrepreneurial spirit, encouraging innovation and delivering on our vision of a more connected Africa.”
Liquid Telecom has a strong history of acquiring businesses and transforming them to profitability.
Neotel will benefit from Liquid Telecom’s pan-African experience and technology leadership, helping to enhance systems and processes across its operations as well as drive profitability.
Liquid Telecom’s growth strategy combines strategic acquisitions across Africa with ongoing investment in the roll out of fibre.
It also recently completed the acquisition of Tanzania’s leading ISP Raha, which will see further investment in both Raha’s network and services across Tanzania.