MainOne to invest another USD 300 mln in coming years

Telecoms

MainOne Cables has invested over USD 300 million in infrastructure and services in about seven countries in the West African sub-region, The Guardian reported. CEO Funke Opeke said the company would be injecting another USD 300 million in the next few years. Opeke said that in its first five years of operation, the company had made investments in expanding its fibre terrestrial network and POPs across the region, directly and through partnerships. It opened a Tier III Data Center, MDX-I, in Lagos earlier this year.

She said that since inception, Main One's objective has been to bridge the digital divide in West Africa and to become the preferred provider of wholesale internet services and enabler of online business within the region. She said it has achieved this, with services delivered to seven countries in West Africa, and a list of over 500 major telecommunications operators, ISPs, government agencies, large enterprises, and educational institutions in the region on its network.
Source: Telecompaper 2 July 2015