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Tag: africa
Nexans Delivers Submarine Fibre-Optic Cables to West Africa
2015-09-08 15:34:00| Offshore Technology
Nexans ROC-2 cables will be used to deliver high speed broadband to Nigeria and Cameroon.
Tags: west
africa
delivers
cables
Bemax Launches Private Label Diaper Brand in Europe, Africa
2015-09-08 15:00:00| Nonwovens Industry Breaking News
Mother's Hugs name to be distributed through existing Bemax channels
Tags: private
brand
europe
africa
Bemax Launches Private Label Diaper Brand in Europe, Africa
2015-09-08 15:00:00| Nonwovens Industry Breaking News
Mother's Hugs brand to be distributed through existing Bemax channels
Tags: private
brand
europe
africa
Smile raises USD 365 mln to expand 4G in Africa
2015-09-08 08:37:00| Telecompaper Headlines
(Telecompaper) Smile Telecoms has raised USD 365 million of debt and equity financing to expand its 4G networks in Africa. Smile Telecoms, which is the parent company of Smile Communications Nigeria, said the funding would be used to expand Smile's existing LTE networks, including the roll-out of voice services by year-end. It will also launch its broadband network in the Democratic Republic of Congo early in 2016, adding to its current coverage in the 800MHz band in Nigeria, Tanzania and Uganda. The funding comprised USD 50 million of equity, raised from the Public Investment Corporation on behalf of the Government Employees Pension Fund. The funding also includes a USD 315 million multi-tranche, multi-jurisdictional debt facility led by Africa Export-Import Bank with participation from the Development Bank of Southern Africa, Diamond Bank, Ecobank Nigeria, the PIC, the Industrial Development Corporation of South Africa and Standard Chartered Bank. Under the terms, the funding will be used to accelerate national network roll-out, including equipment and services provided by Alcatel-Lucent and Ericsson, a full MPLS network, a London Point of Presence and expanded international backhaul services, and to fund operational expenditure and working capital.
Smile raises $365m for Africa 4G expansion
2015-09-08 02:00:00| Total Telecom industry news
Operator to use funds to provide nationwide 4G coverage across its footprint by end of the year.
Tags: africa
smile
expansion
raises
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