BPC and Liquid Telecom enter into joint venture
October 21 2016
Botswana Power Corporation (BPC) and Liquid Telecom have agreed to enter into a joint venture.
The agreement will see BPC lease excess optical fibres from its network to Liquid Telecom, creating a new telecoms network provider with extensive reach across Botswana.
The agreement was signed by Jacob Raleru, CEO at BPC, and Nic Rudnick, CEO at Liquid Telecom, at a ceremony held in Gaborone.
The joint venture, which will operate under the name Liquid Telecom Botswana, will enable BPC to make more effective use of its existing assets, while allowing Liquid Telecom to better serve the network needs of its wholesale and enterprise customers in the region.
BPC owns and operates an optical fibre cable network that is embedded on some of its high voltage transmission lines. This fibre network will be commercialised for the first time in order to provide networks services across the country.
BPC Board of Directors approved the commercialisation of its network in March 2016, and following a period of competitive bidding, Liquid Telecom was selected as the preferred partner.
The use of BPC's infrastructure will be granted to Liquid Telecom Botswana under an Indefeasible Right of Use Agreement (IRUA). Rather than taking any rental payments, the capital value of the IRUA will be used to purchase BPC's equity stake, which is 42.5%. Liquid Telecom will be the majority stakeholder in Liquid Telecom Botswana.
Liquid Telecom Botswana will be making further announcements in due course.
About Liquid Telecom Group Liquid Telecom is the leading independent data, voice and IP provider in Eastern, Central and Southern Africa. It supplies fibre optic, satellite and international carrier services to Africa's largest mobile network operators, ISPs, financial institutions and businesses of all sizes. In June 2016, Liquid Telecom agreed to purchase Neotel, South Africa's first converged communications network operator, for ZAR6.55 billion, creating the first pan-Africa fibre player.Liquid Telecom has built Africa's largest single fibre network currently spanning over 40,000km, including Neotel's network (pending approvals), across borders and covering Africa's fastest-growing economies where no fixed network has existed before. Liquid Telecom's joint venture with BPC consolidates its lead as the leading broadband and connectivity provider in the sub-Saharan Africa region.Liquid Telecom's network provides connectivity onto the five main subsea cable systems landing in Africa; WACS, EASSY, SEACOM, SAT3 and TEAMs.Working under various brands, the Liquid Telecom Group has operating entities in Botswana, DRC, Kenya, Lesotho, Mauritius, Rwanda, South Africa, Uganda, UK, Zambia and Zimbabwe. The company has been named Best African Wholesale Carrier for the last four years at the annual Global Carrier Awards.
About Botswana Power Corporation (BPC)
Botswana Power Corporation, a parastatal utility which was formed in 1970 by an Act of Parliament is responsible for the generation, transmission and distribution of electricity within Botswana to areas approved by the Government.
The Corporation, within the forty-one years of its existence, has developed from a small, oil-fired power station in Gaborone which was commissioned in 1970 and dismantled in 1989 to two Thermal Power Stations at Morupule situated some two hundred and seventy (270) kilometres north of Gaborone, the capital city. The Power stations are supplied with coal from adjacent Morupule Colliery.
Botswana Power Corporation owns and operates an optical fibre cable network that is embedded on some of its high voltage transmission lines. This optical fibre network is currently being used for the safe and reliable operation of the power system network and for corporate wide telecommunications services.
This optical cable network has some unused capacity that could be used for commercial purposes. This spare capacity then prompted the Corporation to explore ways in which it can commercialize its fibre optic network. This would enable BPC to make more effective use of its existing assets, and to provide a new infrastructure-based network operator to stimulate competition in the Botswana telecommunications market.
For more information about Liquid Telecom please contact PR representative
Bridget Fishleigh – email@example.com
+44 7946 342 903
or skype: bridgetfishleigh
- Category: News Agency
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