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Zambian power firm CEC divests from telecoms business

17th October 2018

By: Reuters

  

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Copperbelt Energy Corp (CEC) has sold its 50% stake in CEC Liquid Telecom to Pan-African telecoms group Liquid Telecommunication Holdings, the power firm said on Tuesday.

CEC, Zambia's main supplier of power for its mines, and Liquid Telecom were equal partners in the joint telecoms firm since 2011, which is a market leader and has been rolling out a fibre optic network across Zambia.

The power firm did not disclose the amount it sold its stake for or why it had decided to dispose of its investment.

However, CEC said it would continue to be involved with the telecoms firm as an infrastructure provider.

Edited by Reuters

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