Praia, Cape Verde, 18 March – Portugal Telecom and Cape Verde Telecom are due to invest US$50 million in boosting telecommunications capacity between Portugal and Africa, according to a report from Cape Verdean news agency Inforpress.
The project has been taken on as a long term investment, with a lifespan of 15 years. The new undersea system will be stretched along the West coast of Africa, complementing already existing links: SAT–3 and Atlantis II.
Portugal Telecom will secure the link to some of its African operations, as well as its Internet connectivity with the main European communications centre (London).
The new undersea link system, which is an integral part of an international consortium, is part of the strategic partnership between the two companies and fulfils a long-held ambition of the Cape Verdean company.
The investments will boost the competitiveness of the Cape Verdean economy by providing more reliable international communications, and boosting the quality and speed of Internet connections.
The strategic partnership between the telecommunications companies of both countries has made it possible to outline a route for the system that would benefit the Cape Verdean archipelago, as this is the first place in Africa where the cable will land. It is due to start operating in 2011. (macauhub)