Liquid Telecom Finalizes Acquisition Of South Africa's Neotel

Liquid Telecom has announced that South Africa’s Neotel is now officially part of their company.

“I am delighted to officially welcome Neotel into the Liquid Telecom Group,”Nic Rudnick, Group CEO of Liquid Telecom

“Today is an important new chapter for Neotel. The refinancing of the company’s balance sheet will see a revitalised Neotel enter the market with the ability to offer consumers and businesses greater quality services and products delivered through world-class networks. As Liquid Telecom continues to grow, we are committed to maintaining our entrepreneurial spirit, encouraging innovation and delivering on our vision of a more connected Africa.” said Nic Rudnick, Group CEO of Liquid Telecom.

Liquid Telecom has also said that they plan to invest in improving and expanding Neotel’s infrastructure. Over the coming months, Liquid Telecom plans to make extensive upgrades and expansions to Neotel’s network. This includes plans by Liquid Telecom to make investments in Neotel’s data centre capabilities, which currently include two Tier 3 designed state-of-the-art data centres in Johannesburg and Cape Town. Neotel’s network in South Africa will now link together with Liquid Telecom’s fibre footprint across Africa to offer access via a single connection to over 40,000km of cross-border, national and metro fibre networks.

Liquid Telecom and their 30% equity partner Royal Bafokeng Holdings (RBH), a community-based South African investment group, have been preparing for the integration of Neotel since receiving regulatory approval for the acquisition in December 2016.

Cover Image: Nic Rudnick, Group CEO of Liquid Telecom, at the official Neotel launch

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