Econet Wireless acquires 8.6% Liquid stake from Altech

13 Jan 2014

South Africa’s Altech Group has announced that the company is offloading its 8.6% stake in Liquid Telecom Group to Econet Wireless, Liquid’s parent company, for USD55 million, local news agency TechZim reports. According to the article, Altech Group is selling its share in Liquid, as it does not consider the 8.6% holding to be a core part of its operations.

As previously reported by TeleGeography’s CommsUpdate, in January 2013 Liquid Telecom acquired the East African telecom assets of Altech Group, thus creating Africa’s largest single fibre network spanning Kenya, Uganda, Rwanda, Zambia, Zimbabwe, Botswana, DRC, Lesotho and South Africa. Under the terms set out by the deal, Altech became a minority shareholder in Liquid Telecom Group with an initial 8.6% equity stake and shareholder voting rights of 10%. In addition, ownership of the following Altech properties passed to Liquid Telecom: a 61% stake in Kenya Data Networks (KDN); DRC’s Africa Data Networks; Swift Global, a provider of voice, data and mobility solutions in Kenya, Uganda and Rwanda; Stream, a service provider in Rwanda and InfoCom, an ISP in Uganda.


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.