AfDB approves loan for Seychelles submarine cable

Monday 9 May 2011 | 09:28 CET | News
The African Development Bank (AfDB) has approved a USD 12 million senior private sector loan to finance the Seychelles East African System (SEAS). The project is designed to connect the Seychelles to global internet exchange centres using a high-bandwidth link at lower costs. The SEAS project will be co-financed by the European Investment Bank, and equity contributions split between the three shareholders: Seychelles government, Cable and Wireless Seychelles and Airtel. The project entails engineering works, sea survey, construction and roll-out of a submarine optical cable system and

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Categories: Fixed
Companies: Airtel / Cable and Wireless
Countries: Seychelles
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