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Kenya: AccessKenya Acquires Stake in Cable Project
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Business Daily (Nairobi)
24 March 2008
Posted to the web 24 March 2008
Steve Mbogo
AccessKenya has taken a 1.25 per cent stake in The East African Marine System (TEAMS) that will lay a fibre optic cable from the Middle East to East Africa.
The project is expected to be completed in late 2009 and will increase AccessKenya's bandwidth capacity by 10 times. The company did not disclose the amount of money involved in the deal.
AccessKenya managing director Jonathan Somen said the company's ongoing acquisitions required more bandwidth to be effective.
"The investment in TEAMS fits our corporate policy of owning infrastructure for our services as far as possible," he said. Through TEAMS, AccessKenya's bandwidth will grow from 250 megabits to 2,500 megabits.
The company is also looking for space in two other fibre optic cables expected to be operational in Kenya in the next 18 to 24 months. "We are already in discussions with other parties to secure additional capacity on one of the other cables," he said.
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That would help the company to provide alternative routes for Internet traffic, enhancing connectivity for its clients.
Kenya's information communication technology (ICT) sector is expected to grow tremendously once the fibre optic cables are up and running. The cables will stop reliance on the more expensive satellite technologies, bringing down costs and attracting new players especially in the Business Process Outsourcing, call centres, segment.
AccessKenya Group comprises corporate ISP AccessKenya, data carrier network operators and IT services provider Openview Business Systems. Earlier this month, Kenya's only listed ICT company launched a service that targets to have 2,000 Small and medium entreprises outsource internal IT services to Openview Systems.
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