Seacom, the $600 million underwater fibre-optic cable, has opened the prospect of much greater competition in one of the developing world’s most expensive and limited telecommunications markets.
The Seacom cable links south and east Africa to global networks in India and Europe. Seacom will reduce the cost of wholesale broadband capacity by more than 90%, allowing South Africa’s fixed-line and mobile operators to offer better and cheaper products.
“Today marks the dawn of a new era for communications between the continent and the rest of the world,” said Brian Herlihy, Chief Executive Officer of Seacom, the group that has built the 17,000km cable. Read the rest of this entry »
Rwanda’s government plans to sell its stakes in the country’s three largest companies.
