African fibre and satellite broadband provider Liquid Telecom is reportedly looking to launch a five-year US$150m loan by mid-September to expand its international network.
The Mauritius-based wholesale carrier, a subsidiary of South…
African fibre and satellite broadband provider Liquid Telecom is reportedly looking to launch a five-year US$150m loan by mid-September to expand its international network.
The Mauritius-based wholesale carrier, a subsidiary of South Africa-based Econet Wireless Group, has mandated Standard Chartered, which is leading and fully underwriting the financing, according to GlobalCapital.
Liquid Telecom has also received interest from its existing relationship banks and other lenders but has yet to decide which to pick, the report said.
The telco, which provides fibre optic, satellite and international carrier services to mobile networks, ISPs and businesses across Africa, did not respond to press enquiries.
Just weeks ago, Econet signed a US$150m debt financing, led by Afreximbank, to fund its expansion programme in several areas, including mobile banking and solar energy businesses.