By Patrick Soko
Leading pan African Telecoms Group Liquid Telecom has completed the acquisition of the remaining 50 percent stake in its Zambian subsidiary, CEC Liquid Telecom from Copperbelt Energy Cooperation.
Company Regional Chief executive officer Wellington Makamure told a media briefing that the acquisition will help facilitate the group’s digital transformation strategy through an enhanced operating model and the benefit of 100 percent cash flows from its cEC liquid telecom and its retail arm, HAI Zambia .
Mr. Makamure said the company will further invest in its fibre network in Zambia.
He said it will also connect Zambia to Liquid Telecom’s “One Africa” broadband network allowing access to the single largest independent fibre network on the continent.
In the meantime Mr Makamure has reaffirmed commitment to enhance Internet connectivity in Zambia using advanced technologies with the view of contributing national development .
Liquid Telecom and CEC first entered into the joint venture in 2011 and invested in the rollout of a fibre optic network across Zambia.