Growth is inevitable and Liquid Telecom knows that. This is why the firm has acquired a controlling stake in Tanzania’s largest Internet Service Provider (ISP), Raha. With this move Liquid Telecom officially marks its entry into the Tanzanian market. This now brings to 12 the number of markets that Liquid Telecom has operations in.
The move was awaiting regulatory approval from Tanzania Communications Regulatory Authority (TCRA) which ultimately came last week. Liquid Telecom now becomes the majority stakeholder of Tanzanian ISP Raha.
“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.”
-Nic Rudnick, CEO, Liquid Telecom
“We are thrilled with this approval and look forward to being part of a pan-African connectivity movement.”
-Aashiq Shariff, CEO, Raha
This is the same approach the company used to break into the Kenyan market. It was through the acquisition of Kenya Data Networks (KDN) that Liquid Telecom found its footing in Kenya. Apparently, the acquisition provides Liquid Telecom’s enterprise and wholesale customers with direct and faster access to Tanzania and to all Eastern, Central and Southern Africa.
It is estimated that Raha serves over 1,500 businesses as well as a growing number of retail customers. According to TCRA, Internet penetration in Tanzania stood at 34 percent back in 2015 while internet users stand at 17.26 million. Some of the connectivity solutions Raha offers to retail and enterprise customers include fibre, satellite, WiMax and Wi-Fi.
Apparently, Raha operates WiMax and Wi-Fi hotspots in over 150 locations some of which are in Arusha, Moshi, Mwanza, Mbeya and Tanga. Liquid Telecom’s fibre serves eastern, central and southern Africa, spanning over 40,000Km across 12 countries.
The following is the list of countries that Liquid Telecom operates in but under various brands include:
- South Africa