Zambia's Copperbelt Energy Corp. Ltd (CEC) and Liquid Telecom of Mauritius on Monday announced a joint venture company that will provide telecommunication services in Zambia.
CEC and Liquid Telecom will each own 50 percent of the venture, to be called CEC Liquid Telecommunications Ltd. The company will provide wholesale fibre optic Internet services.
"The transaction has been approved by the boards of both companies," a statement said.
CEC, the largest supplier of power to mines in Zambia, Africa's top copper producer, owns and operates 540 km (335 miles) of optic fibre on power lines and 250 km in trenches.
Liquid Telecom supplies wholesale fibre optic, satellite and international carrier services to telecommunications operators in developing countries, including South Africa, Botswana, Zimbabwe, Lesotho and Kenya.