Main One Cable progresses with equity financing

8 Jun 2009

Reuters reports that Nigeria-based Africa Finance Corporation (AFC), a major investor in the USD240 million Main One Cable System, has agreed an equity financing deal with other investors in the international submarine fibre-optic project. The cable is being built to provide faster and more reliable internet and telephony services to west African countries, and will run 7,000km from Portugal to Nigeria, with links to Senegal, Cote d’Ivoire, Ghana, the Canary Islands and Morocco.