There was some interesting M&A over in Africa today. The pan-African network operator Liquid Telecom has teamed up with the investment group Royal Bafokeng to acquire Neotel from India's Tata Communications. The deal comes after a purchase of Neotel by Vodacom failed to get past regulatory hurdles.
The purchase price will be about $429M and RBH will hold a 30% stake in Neotel. If it goes through, it will bring together longhaul, regional, and metro networks spanning a combined 40,000km from South Africa up to Kenya. Here are the two company's network maps side by side:
South Africa is the lynchpin of an eventual expansion along the western coast of Africa for Liquid.
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