Cape Verde: CV Telecom signs deal for new international undersea cable

16 April 2009

Praia, Cape Verde, 16 April – Cape Verde Telecom (CVT) has signed two deals in South Africa to be part of a second undersea cable, worth US$25 million (around 2 billion Cape Vedrean escudos), Cape Verdean news agency Inforpress reported.

The “Construction and Maintenance Agreement (C&MA) and the Supply Contract (SC) for the West African Cable System (WACS) project were signed by chief executive, Nuno Leite, and by Engineering and Investment Director, Carlos Inocêncio.

The project belongs to an international consortium and includes operators and investors from both African and European countries.

In March, CV Telecom and Portugal Telecom announced an investment of US$50 million to boost telecommunications capacities between Portugal and Africa, specifically a new undersea system that would start operating in 2011.

The project was seen as a long term investment, with a lifetime of 15 years.

Portugal Telecom shall secure the link to some of its African operations, as well as Internet connectivity with the main European telecommunications centre (London).

This investment will make the Cape Verdean economy more competitive by introducing more reliable international communications, and increased quality and speed to Internet links. (macauhub)