INVESTMENT

Canada’s IDC and Wananchi partner on African direct-to-home broadcasting

Ottawa's International Datacasting Corp. (IDC) has partnered with an African technology company to bring direct-to-home broadcasting to the continent. The agreement with Wananchi Group Ltd. includes a vendor financing package and credit facility for an undisclosed amount, plus two support and operations contract worth almost US$1 million.

According to an IDC statement, Wananchi launched the first broadband, cable and telephony network in Africa and also added Zuku satellite to provide video, voice and data services to the sub-Saharan area.

"This is an important step in the growth path of IDC Systems Group," stated chief executive Frederick Godard. "We will look to expanding this credit facility for Wananchi, and to pursuing other viable opportunities within this new framework."

The work follows an initial contract signed in June 2010 concerning the network development and rollout, and associated equipment.

Source: Ottawa Business Journal

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