Angola Cables to launch MONET cable mid 2017
28 October 2016
Angola Cables plans to launch the MONET undersea cable, linking Africa to North America, by mid-2017, reports Mybroadband. Google is among the investors in the cable. Its sister cable, the South Atlantic Cable System (SACS), which will connect Angola and Brazil, was meant to be online this year.
CEO of Angola Cables, Antonio Nunes, said SACS will only launch in mid-2018. Nunes explained the delay was caused by the drop in the oil price. He said they had the financing in place to build the cable, but after the price drop, the government decided to relook its commitment. Since then, Angola Cables has secured funding from the Japan Bank for International Cooperation and Sumitomo Mitsui Banking Corporation.