SEACOM concerns unfounded
Neotel – which has already signed an agreement to land the SEACOM cable in South Africa – says that there is no truth in the rumor that SEACOM has pulled out due to the Department of Communication’s new requirement that only cables where locals have a majority share in the project will be able to land in the country. Neotel said that further announcements regarding the progress of SEACOM can be expected in the following weeks.
ITWeb also reported previously that SEACOM denies pulling out. "We are in constant and close dialogue with all African governments with a stake in SEACOM’s cable, including particularly the South African government. We are, unfortunately, unable to comment on these discussions at this stage," a SEACOM spokesman told ITWeb.
SEACOM is majority owned by African interests while the South African shareholding totals 25%.
EASSy also recently confirmed that it is progressing well with the project and that it is confident that a suitable solution can be found to the South African landing rights conundrum.
EASSy is 90% owned by African companies, with South Africa being the largest shareholder with 27%.
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