Cameroon: CamTel secures 20,000km fibre financing

Internet

CamTel, Cameroon’s state-owned incumbent telecoms operator, has secured a financing arrangement with US lender William F Clark & Co to extend the country’s fibre-optic cable network from 6,000km to 20,000km. Bloomberg quotes CamTel’s General Manager David Kotto Emane as saying in a release read on state radio that ‘the extension will enable us to link up one million households and offices in urban areas with high speed internet’.

William F Clark will also finance the construction of two data centres, Emane said. The new funding follows a XAF24.47 billion (USD41.8 million) loan secured last year from the African Development Bank to roll out 916km of fibre-optic cables over four years, with connections to Nigeria, Chad, the Central African Republic and Republic of Congo.
Source: Bloomberg