financetom
Business
financetom
/
Business
/
Facebook, telcos to extend subsea cable to four countries
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Facebook, telcos to extend subsea cable to four countries
Aug 17, 2021 5:18 AM

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.

Share Market Live

NSE

Internet connectivity will be expanded to 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 percent 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 percent against a world average of 51 percent.

The companies said 2Africa will be the largest subsea cable project in the world.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bayer must face US company's flea and tick drug antitrust lawsuit
Bayer must face US company's flea and tick drug antitrust lawsuit
May 1, 2024
May 1 (Reuters) - Life-sciences giant Bayer must face a U.S. antitrust lawsuit accusing a former unit of the German company of undermining competition for rival tick and flea treatments, according to a ruling unsealed on Wednesday. U.S. District Judge Beth Freeman in San Jose, California, said the plaintiff, pet products company Tevra, provided sufficient evidence for a jury to...
Markel Q1 Earnings, Revenue Rise
Markel Q1 Earnings, Revenue Rise
May 1, 2024
04:54 PM EDT, 05/01/2024 (MT Newswires) -- Markel ( MKL ) reported Q1 earnings late Wednesday of $75.43 per diluted share, up from $37.26 a year earlier. Three analysts polled by Capital IQ expected $22.32. Operating revenue for the quarter ended March 31 was $4.47 billion, up from $3.64 billion a year earlier. Four analysts surveyed by Capital IQ estimated...
Columbia Sportswear Insider Sold Shares Worth $557,923, According to a Recent SEC Filing
Columbia Sportswear Insider Sold Shares Worth $557,923, According to a Recent SEC Filing
May 1, 2024
04:53 PM EDT, 05/01/2024 (MT Newswires) -- Jim A Swanson, Executive Vice President & CFO, on April 29, 2024, sold 7,199 shares in Columbia Sportswear ( COLM ) for $557,923. Following the Form 4 filing with the SEC, Swanson has control over a total of 9,423 shares of the company, with 9,423 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1050797/000105079724000069/xslF345X03/wk-form4_1714593689.xml ...
Atlassian Insider Sold Shares Worth $1,425,898, According to a Recent SEC Filing
Atlassian Insider Sold Shares Worth $1,425,898, According to a Recent SEC Filing
May 1, 2024
04:53 PM EDT, 05/01/2024 (MT Newswires) -- Scott Farquhar, 10% Owner, Director, Co-CEO, Co-Founder, on April 30, 2024, sold 8,241 shares in Atlassian ( TEAM ) for $1,425,898. Following the Form 4 filing with the SEC, Farquhar has control over a total of 333,486 shares of the company, with 333,486 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1650372/000156218024003672/xslF345X03/primarydocument.xml Price: 173.55, Change: +0.78, Percent...
Copyright 2023-2026 - www.financetom.com All Rights Reserved