SUDATEL SIGNS USD7.6 MILLION LEASE AGREEMENT WITH OPEC FUND
A private sector lease agreement for USD7.6 million was signed last week between the Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development and the Sudan Telecommunications Company (Sudatel), one of the leading private sector companies in the country.
Sudatel provides fixed-line services throughout the Sudan and has recently launched a major capital expansion program involving the installation of some 5,000 kilometers of fiber optic cable, the transition from analogue to digital services, and the introduction of digital satellite networks. Proceeds from the lease will assist Sudatel with the procurement of digital telecommunications equipment in order to support their capital expansion program. Ensuring access to national and international communications networks is expected to contribute significantly to overall economic growth.