Alcatel-Lucent wins $240 million African cable deal
Posted by stb0327 on March 13, 2007
In January, Flag Telecom, a unit of Indian firm Reliance Communications, said it planned to build a submarine cable around the east of Africa. On March 9, 2007, Reuters Africa reported that the French company, Alcatel-Lucent has been awarded a $240 million contract to build a telecoms cable around East Africa. Flag Telecom had stated in January that it was willing to invest $1.5 billion in their own project while an advisor to the East African Submarine Cable System (EASSy) (now in Alcatel-Lucent’s hands), was quoted as saying that the Flag project would need to get approval from the same African governments who have just completed the EASSy agreement. For more information on the EASSy project, go to NEPAD’s e-Africa Commission website.
