The Liberia Telecommunications Corporation or LIBTELCO has launched Liberia's first post-war fastest internet service, the Fiber Optic Cable.
The Africa Coast to Europe (ACE) submarine communication cable is a planned Fiber Optic Cable system.
The submarine cable is more than 17,000 kilometers in length, connecting about 25 countries, including Liberia, along the West Coast of Africa.
It will provide broadband interconnection to global telecommunications and ICT networks. Phase one of the project covers the entire metropolitan Monrovia area, including 18th Street, Sinkor up to Congo Town, Paynesville, Somalia Drive and Freeport, respectively.
When it becomes operational, the submarine cable is expected to provide the fastest telecommunication services to mobile phones and the internet.
The ACE will also enhance post-war Liberia development in the areas of creating new business and career opportunities in technology, providing greater access to global markets for Liberian goods and services, giving Liberians superior access to News and Information, and improved access to banking systems and international financial institutions.
The Fiber Optic Cable will further help government prevent crimes and improve policing, better record keeping, improve methods of communications. It also holds the potential of improving the Police response time and providing greater access of the citizens to the police. The ACE Submarine Cable was initiated by LIBTELCO, and facilitated by the Liberia Telecommunications Authority (LTA).
In June 2010, Liberia joined the ACE Consortium in Paris France, when LIBTELCO Managing Director Ben Wolo, signed the Construction and Maintenance Agreement (C&MA) on behalf of the Cable Consortium of Liberia (CCL).
The project is a Public Private Venture that was formed under a Special Purpose Vehicle called the Cable Consortium of Liberia (CCL). The CCL is made up of four entities, including the Government of Liberia, LIBTELCO, LoneStar and Cellcom GSM companies. The project is valued $25 million with the Government of Liberia (GOL) owning 60%; LIBTELCO 20%; Lone Star Communications 10%, and Cellcom 10%, respectively.