Subsea cable sector booms as operators plan new $10 billion investment by 2024 | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 94%

Business News News

Business Business Latest News,Business Business Headlines

The international subsea cable sector is booming with over 450 submarine cables carrying about 95 per cent of all international telecoms service traffic, together with the ever-increasing data traffic generated by the hyperscale cloud companies...

The international subsea cable sector is booming with over 450 submarine cables carrying about 95 per cent of all international telecoms service traffic, together with the ever-increasing data traffic generated by the hyperscale cloud companies and big streaming content providers.

TeleGeography said North Africa’s international connectivity to Europe is very close to 100 per cent but sub-Saharan Africa’s connectivity to Europe has dropped to about 60 per cent of total potential capacity. Though the estimated investment of Equiano cable is not public, Google informed that the facility is part of the $1 billion investment support for digital transformation across Africa.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines