Regulator approves Liquid Telecom’s takeover of Tanzania's Raha
Liquid Telecom has received regulatory approval to become the majority shareholder of Raha, the Tanzanian ISP.
Raha presently serves more than 1,500 businesses as well as a number of smaller retail customers with fibre, satellite, WiMAX and Wifi. They also operate in over 150 hotspot locations across the country including the cities of Arusha, Moshi, Mwanza, Mbeya and Tanga.
Nic Rudnick, CEO, Liquid Telecom said: “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.”
The acquisition of Raha by Liquid Telecom will provide enterprises and wholesale customers with direct and faster access to networks across Africa. Tanzania becomes the latest market to be added to Liquid Telecom’s large fibre network, presently the largest of its kind serving eastern, central and southern Africa.
“With Liquid Telecom's support, Raha can explore new ways to increase connectivity within Tanzania as well as to the rest of the region. We will also benefit from the group’s skills and expertise, helping us to achieve our vision of a more connected Tanzania,” says Aashiq Shariff, CEO, Raha. “Our rollout plans will allow us to extend fibre coverage to thousands of new customers and create hundreds of new jobs.”