Fibrecom invests USD 50 mln to expand fibre optic cable

News Broadband Zambia 8 JUL 2020
Fibrecom invests USD 50 mln to expand fibre optic cable

Fibrecom says it has committed USD 50 million towards expanding optical fibre connectivity to accelerate Zambia's digital migration in the next two years, the Daily Mail reported. CEO Simon Muwowo said the company has so far injected USD 110 million in phase one and two of fibre connectivity. He said the USD 50 million will support the government's objective of developing a robust digital space in the economic transformation of the country. 

Muwowo said the firm is supporting the government-led Smart Zambia programme of providing connectivity countrywide. Fibrecom is a subsidiary of Zesco created to provide critical services of power grid protection, supervisory control and data acquisition to advance the deployment of information and communications technology through the provision of the backbone network to other service providers.


 

Categories:

Fixed

Countries:

Zambia

Tags:

Broadband over powerline, Network equipment, Fibre, Wireline, Internet Access, Consumer, Corporate strategy, Financial funding

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