Altech TEAMS investment

[rpm]

Altech invests in TEAMS

Altech acquires 8.5% share in international submarine cable system

 

[The_Unbeliever]

Cool!

The more cables, the better... and it'll offer redundancy should others break.

 

[Gaz{M}]

"You can never have too much fibre" - Kellogs CEO

 

[JohnsonCT]

"You can never have too much fibre" - Kellogs CEO

I lolled

 

[Alchemist]

"You can never have too much fibre" - Kellogs CEO

lol

 

[kilos]

More like 4500 Km

TEAMS is a 500km undersea fibre optic cable project which connects Kenya with the United Arab Emirates and facilitates connectivity in the Eastern African region.

Interesting

The $11 million (R88 million) deal was brokered through Altech’s subsidiary Kenya Data Networks Limited (KDN)

Ownership of the cable is as follows:

* 15% - Etisalat (UAE)
* 85% - TEAMs (Kenya) Ltd

TEAMS (Kenya) Ltd consists of:

* 20% - Government of Kenya (through Min. of Finance)
* 20% - Safaricom Ltd
* 20% - Telkom Kenya Ltd
* 10% - Kenya Data Networks Ltd
* 10% - Econet/Essar Telecom Ltd
* 5% - Wananchi Group
* 3.75% - Jamii Telecom Ltd
* 1.25% - Broadband Access/AccessKenya Ltd
* 1.25% - Africa Fibrenet (Uganda) Ltd
* 1.25% - InHand Ltd
* 1.25% - iQuip Ltd
* 1.25% - Flashcom Ltd