South Atlantic Expres - SAex

[Marius]

SAex (South Atlantic Express) is a proposed submarine communications cable linking South Africa and Angola to Brazil with onward connectivity to the United States through the existing GlobeNet cable system. The project was announced in 2011 by eFive Telecoms (Pty) Ltd, who leads the project as principal. In April, 2011 the Bank of China announced that it was interested in investing 60% of the funds required for the project. The Industrial Development Corporation of South Africa has also expressed interest in funding. The project is expected to cost R3 billion to complete.