Telecom Egypt, Liquid Telecom sign data centre, infrastructure deal

Pan-African Liquid Telecom will be able to invest in Egyptian telecoms under an outline deal signed with Telecom Egypt, the country’s investment ministry said on Saturday.

Liquid Telecom, a subsidiary of Econet Wireless Global, will invest $400 million on data centres, infrastructure and financial inclusion, the ministry said in a statement.

The agreement includes a partnership between Telecom Egypt and Africa Data Centres, a subsidiary of Liquid, to build and operate new data centres across Egypt.

“The partnership is expected to add new data centre capacities to meet the increasing growth of the Egyptian ICT sector,” the statement said.