Phase3 Telecoms Firm Spends US$100m On Optic Fibre Project

Mergers, Acquisitions and Financial Results

Carrier's carrier, Phase 3 Telecom said that it had spent over US$100 million on building a fibre optic project that will change the face of telecommunications in Nigeria.

Its Chief Executive Officer, Stanley Jegede said that in its bid to offer excellent transmission services to the nation's telecommunications sector, the company was also set to expend an additional US$200million for its optic fibre coverage across the country.

Jegede said the US$100million was spent on providing adequate backbone through deployment of optic fibre in a number of cities in the country.

The company provides carrier-grade international voice services to PSTN, GSM, and Pan-European calling card operators, as well as Tier 1 traffic Carriers. It also provides a detailed Service Level Agreement that includes guaranteed interconnect.

The company has international connectivity through SAT3 in Lagos, where a Gateway provides a link to its POP in London, thus giving it connectivity with over 370 carriers.

In his remarks, Dr Vincent Dogo, Chief Operating Officer, Phase3, said the firm had already covered significant parts of Nigeria with its network and was making steady progress towards reaching other parts.

This Day Lagos