YooMee secures support for 4G rollout in Cameroon, Chad

12 Jun 2014

The African Guarantee and Economic Cooperation Fund (FAGACE) will help to finance the deployment of 4G networks in Cameroon and Chad through a XAF40 billion (USD82.5 million) bond issue, Investir Au Cameroun reports. The financing will be used to fund a number of private projects, including the rollout of 4G infrastructure by Swiss-owned wireless broadband provider YooMe Africa in the two Central African countries. The bond is being arranged by La Financiere, which is based in the Republic of Congo, and CENAINVEST, a private equity management company in Cameroon. TeleGeography’s GlobalComms Database notes that YooMee Africa commenced operations in Cameroon in May 2011 as a WiMAX operator and launched commercial Time-Division Long Term Evolution (TD-LTE) services in Cote d’Ivoire in April this year.

Cameroon, Chad, YooMee Africa (formerly 4G Africa), YooMee Mobile (Cameroon)