SEACOM to launch Africa undersea cable June 2009

Mauritius-registered private equity venture SEACOM said on Thursday a fibre optic undersea cable linking east Africa to Europe and Asia would be launched in June 2009, in time for the 2010 soccer World Cup.

SEACOM said last year investors in the venture included an arm of the Aga Khan Fund for Economic Development, Venfin Ltd. and Herakles Telecom LLC, each with a 25 percent stake, and Convergence Partners with a 12.5 percent shareholding.

Author: ismailimail

Independent, civil society media featuring Ismaili Muslim community, its achievements and humanitarian works.

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