Investment - In Brief

Investment

Liquid Telecom Group reveals plans to spend about US$200m in fibre cable roll out across sub-Saharan Africa in the next 18 months, its CEO Nic Rudnick announced this month. Read the original article here:


Yahoo Inc, eager to strengthen its video streaming activities, is close to buying the Israeli startup firm RayV, the Wall Street Journal reported. Founded in 2006, video streaming start-up RayV has set up its headquarters in Los Angeles but has kept its research and development teams in Tel Aviv. The company specialises in developing software for high definition video streaming over the Internet. Yahoo this year launched negotiations with online video services Fullscreen Inc. and News Distribution Network Inc, the Journal said. Details here: