, NAIROBI, Kenya, Oct 17 – Liquid Telecom has signed a fiber deal with Kenya Electricity Transmission Company (KETRACO), which will see Liquid operate KETRACOs optical ground wire fiber cable and expand both electricity and internet across East Africa.
The 10-year partnership is worth US$6 million, equivalent to Sh620.4 million with Liquid contributing 60 percent and KETRACO 40 percent of the amount.
Liquid telecom Kenya CEO Adil Youssef says the deal will see the two companies take fibre where it’s been nonexistent and diversify Kenya’s revenue base at the same time.
“Part of the partnership will see an upgrading of fibre connections to areas already connected to the national grid with high voltage lines of 132kV and above, which include Garissa, Isiolo and Garsen among others,” Youssefi said.
Currently, KETRACO runs a 1,791.5 KM electricity transmission network within Kenya, and by 2020, the company is expected to have completed construction of over 8,000KM of high voltage transmission lines with concurrent fibre connectivity.
“We are delighted to be doing more than extending power lines. Through this partnership, we are now taking fibre to where it has never been before whilst diversifying our company’s revenue base,” KETRACO’s Managing Director Fernandes Barasa said.
KETRACO operates as a national long haulier of fibre that Liquid Telecom Kenya will now commercialize to meet the rising demand for high-bandwidth, video and internet services for businesses and individual consumers across the country and the East African region.