African fibre network operator and subsidiary of Econet Wireless, Liquid Telecom, said Tuesday it has struck a deal to acquire the East African telecom assets of Altech Group. The move will create Africa’s largest single fibre network across Kenya, Uganda, Rwanda, Zambia, Zimbabwe, Botswana, DRC, Lesotho and South Africa.
Zimbabwe’s state-owned, oldest mobile operator, NetOne, has entered into talks with South Africa’s MTN regarding the sale of a 49 per cent stake in the company. Despite its incumbent status, NetOne is Zimbabwe’s smallest operator, trailing larger telcos Econet Wireless and Egypt’s Orascom Telecom with its subscriber base of just over 1.5 million.
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