Liquid Telecom Raises $307 Million in African Data Center Push
- Liquid gets additional $40 million from U.K.’s CDC Group
- Investment will go toward a pan-African data center operation
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Liquid Telecom has raised $307 million through a rights issue to fund a rapid expansion of its data center business across Africa.
The rights issue included an additional $40 million from U.K. development finance institution CDC Group Plc, the group said in a statement.