Liquid Telecom has completed the acquisition of the remaining 50 per cent stake in its Zambian subsidiary, CEC Liquid Telecom, from Copperbelt Energy Corporation PLC.
The acquisition will help facilitate the group’s digital transformation strategy through an enhanced operating model and the benefit of 100 per cent of the cash flows from CEC Liquid Telecom and its retail arm, Hai Zambia.
“The acquisition of CEC Liquid Telecom represents another major milestone towards the delivery of Liquid Telecom’s vision to build Africa’s digital future,” said Nic Rudnick, Liquid Telecom Group CEO. “We have continued to expand the footprint of our network and broadened our award-winning product offering. These actions reinforce our position as a leader in cloud networking and digital transformation. We look forward to bringing the benefits of this acquisition to our valued clients across the region.”
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