TELECOMS

EASSy Cable Lands in Kenya Ahead of Schedule

The EASSy cable has landed in the Kenyan coastal city of Mombasa , two weeks ahead of schedule, James Wekesa, the chief commercial officer of the West Indian Ocean Cable Co., said. “We will be testing for two months then go live,” Wekesa said in a telephone interview from the city. The cable has landed in eight countries. The final landing will be in Dar-es- Salaam, Tanzania, on April 7, he said.

Nairobi-based West Indian Ocean Cable Co. owns 29 percent of the fiber-optic link, known as Eassy, and is the largest shareholder in the venture. West Indian Ocean Cable Co., also known as WIOCC, is owned by a group of 12 African telecommunication companies and four development finance institutions, including the International Finance Corporation, the African Development Bank, KfW of Germany and the French Development Agency, AFD.

Eassy will cost a total of $263 million. The four development finance institutions have already provided $75 million in funding, Chris Wood, Chief Executive Officer of the West Indian Ocean Cable Company, said Dec. 1.

Source: Bloomberg

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