RSS Feed  Les actualités de la BRVM en Flux RSS

NEWS FINANCIÈRES

Nous agrégeons les sources d’informations financières spécifiques Régionales et Internationales. Info Générale, Economique, Marchés Forex-Comodities- Actions-Obligataires-Taux, Vieille règlementaire etc.

MTN Group: the construction of a pan-African fiber optic network announced

17/05/2023
Source : ORISHAS FINANCE
Categories: Sectors

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

The South African telecom group MTN is planning to build a pan-African fiber optic network called East2Africa. For this reason, on Monday, May 15, a partnership agreement was signed with a view to granting the financing necessary to carry out this strategic project.

The partnership agreement was signed between the telecom company and Africa50, a leading infrastructure investment platform on the continent created by African governments and the African Development Bank. In reality, the African market for broadband connectivity

is growing as digital transformation accelerates.

A en croire Ralph Mupita, the CEO of MTN Group , “this partnership with Africa50 comes at an opportune time, just as we are renaming MTN GlobalConnect to Bayobab to position the company as an open access digital infrastructure platform focused on Africa [...] For landlocked African countries, the East2West project will improve latency by nearly two-thirds and increase capacity to take In charge of an access high quality broadband. In this way, it will level the playing field and ensure everyone has a fair chance to succeed in the digital world

.”
Provided by AWS Translate

0 COMMENTAIRE