Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

Facebook, telcos to extend subsea cable to four countries

Mon, 16th Aug 2021 11:38

JOHANNESBURG, Aug 16 (Reuters) - Facebook and a team of
African and global telecoms companies will add four more
countries to its world's largest subsea cable project, widening
the build project in Africa earlier than planned, they said in a
joint statement on Monday.

Internet connectivity will be expanded to the Seychelles,
the Comoros Islands, Angola and bring a new landing point to
south-east Nigeria. This is in addition to the recently
announced extension to the Canary Islands, the companies said.

The consortium of the project, called 2Africa, comprises
South Africa's MTN GlobalConnect, Facebook,
Mauritius-based infrastructure provider WIOCC, China Mobile
International, France's Orange SA, Saudi
Arabia's stc, Telecom Egypt and Vodafone.

Alcatel Submarine Networks (ASN) has been selected to deploy
the new "branches", which will increase the number of 2Africa
landings to 35 in 26 countries, further improving connectivity
into and around Africa, they added.

"Most of the subsea route survey activity is now complete.
ASN has started manufacturing the cable and building repeater
units in its factories in Calais and Greenwich to deploy the
first segments in 2022," the companies said.

The consortium launched the cable, which is expected to go
live in late 2023, in May 2020 to connect those countries in
Africa, the Middle East and Europe.

Subsea cables form the backbone of the internet, carrying
99% of the world's data traffic.

Africa's big economies have a large and fast growing
population of internet users, with growth in internet use
fuelled by rapidly expanding mobile broadband networks and more
affordable phones.

However, with a population of just above 1.3 billion, Africa
is still a laggard in internet connectivity, with average mobile
internet users at around 26% against a world average of 51%.

The companies said 2Africa will be the largest subsea cable
project in the world.
(Reporting by Nqobile Dludla; editing by David Evans)

Related Shares

More News
16 May 2024 11:26

Deutsche Telekom's strong Europe growth helps core earnings rise

May 16 (Reuters) - Deutsche Telekom reported first-quarter adjusted core earnings of 10.5 billion euros ($11.43 billion) on Thursday, with Europe a ...

16 May 2024 09:57

LONDON BROKER RATINGS: Barclays raises Travis Perkins to 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

15 May 2024 10:09

TOP NEWS: Vodafone commences EUR500 million share buyback programme

(Alliance News) - Vodafone Group PLC on Wednesday said it began a share buyback programme of up to EUR500 million, a day after saying it would begin a...

15 May 2024 09:22

LONDON BROKER RATINGS: JPMorgan puts B&M on 'negative catalyst watch'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

15 May 2024 07:44

LONDON BRIEFING: Stocks set to see gains ahead of US inflation data

(Alliance News) - Stocks in London are called higher, as investors shrug off nerves ahead of a key US inflation reading.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.