Japanese Banks Sign Agreements for Funding South Atlantic Cable System

South Atlantic Cable System (SACS) had passed another milestone when the Development Bank of Angola (DBA) signed loan agreements with Japanese firms this week. SACS, the submarine fiber optic cable that connects South America with the African continent is Angola’s hope for international bandwidth. The Japan Bank for International Co-operation (JBIC) and other banks will provide the necessary funds to construct the submarine fiber optic cable system across the Atlantic ocean. Japanese firm NEC will construct the cable system.

Unitel Bags Fiber Optic Network Expansion Project in Angola

ANIP, Angola’s National Agency for Private Investment (ANIP) has granted the biggest contracts for a nationwide fiber optic infrastructure development project to the Unitel group. Unitel is an Angola based telecommunication company. The total value of the telecom contracts awarded to other companies including Unitel is around US dollar 2.982 billion.

South Atlantic Submarine Fiber system to Connect Africa and Latin America

Angola based state-owned telecom telecommunication company, iAngola Cables is ready to deploy a 260 million US dollars-worth submarine fiber optic cable linking Angola and Brazil in an effort to provide high speed data connections connecting two continents.

Angola search ways to expand Fiber Optic Networks

Angola Press Agency reported that Angola’s minister of Telecommunication and Information Technologies, José Carvalho da Rocha, on November 11 at Luanda, stressed the urgent need to find, in partnership with other state institutions, mechanisms to overcome the difficulties in the implementation of the Programme of Expanding the Optical Fiber System in the country.