Orange proposes USD3bn investment over ten years

18 Dec 2014

Orange Cameroun, the country’s second largest mobile operator by subscribers, plans to invest around XAF1.5 trillion (USD2.9 billion) in its operations over the next ten years, according to a report by Agence Africa, which cites the company’s director Elisabeth Medou Badang. The funds will be spent on the development of Orange’s telecoms networks and infrastructure in the country. According to the company executive, Orange has been negotiating with the government to extend the Africa Coast to Europe (ACE) submarine cable to Cameroon, although current legislation dictates that state-owned telecoms operator CamTel holds a monopoly on the operation of international and terrestrial fibre-optic networks. The first launch phase of the 17,000km ACE cable took place in December 2012, and saw the network segment covering 13 countries from Europe to Sao Tome and Principe go live.

Cameroon, Orange Cameroon