Fitch affirms Liquid Telecommunications

Fitch Ratings said it affirmed Liquid Telecommunications Holdings Ltd.'s long-term issuer default rating at B+.

The outlook is stable.

“Liquid Telecom's B+ rating reflects its robust business model with its unique fibre footprint offering cross-border telecommunication connectivity in southern, eastern and central Africa,” the agency said in a news release.

“The company benefits from operating leverage where additional customers can be added at low marginal costs once network capacity has been put in place.

“The business model is supported by long-term contracts with global and regional enterprises and telecoms operators that have a history of low customer churn rates.”

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