Seacom In Deal To Supply Broadband Capacity To Ethiopia

JOHANNESBURG -(Dow Jones)- The Seacom undersea fiberoptic telecommunications cable has secured a contract from Ethiopian Telecommunications Corp. to supply international broadband capacity via a link through Dijibouti, the privately- funded company said Thursday.

–snip– Seacom is a 17,000 kilometer submarine cable launched in July that aims to connect eastern and southern African countries to the rest of the world via India and Europe.

The company is almost 77% owned by African investors, including an arm of the Aga Khan Fund for Economic Development, Venfin Ltd., Convergence Partners and Shanduka Group. The remainder is owned by Herakles Telecom LLC.

Author: ismailimail

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

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