Portugal Telecom will invest US $ 50 million (around 40 million euros) in the construction of a submarine fiber optic cable that will connect Europe to the African continent.
According to the advanced by Diário Económico, the group led by Zeinal Bava participates in an international consortium that brings together other operators, such as Angola Telecom, Broadbrand Infraco, Cable & Wireless and Vodacom.
In total, the West Africa Cable System project will bring together an investment of 600 million dollars (453 million euros).
PT’s participation in the consortium is made in partnership with CV Telecom, Cape Verde’s telecommunications operator, which is 40% owned by the Portuguese company.
The cable to be built will be 14,000 kilometers long and have a capacity of 384 terabits per second, with mooring points being planned in South Africa, Namibia, Angola, Congo, Nigeria, Togo, Ghana, Costa do Ivory, in Cape Verde, in the Canary Islands, in Portugal and in the United Kingdom, a PT source told Diário Económico.