Wiocc secures R540-million equity investment for expansion

  • 📰 TechCentral
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 71%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Wiocc Group has secured a $30-million equity investment from the International Finance Corp as it ramps up investment in fibre networks and data centres.

pan-African telecommunications and data centre infrastructure company, has secured a US$30-million equity investment from the International Finance Corporation .

Wiocc, which was one of the original investors in the Eassy submarine broadband cable system along Africa’s east coast, is aggressively deploying fibre and data centre infrastructure across the continent. The investment in Wiocc builds on the IFC’s previous financing to Wiocc Group, which included a $20-million loan issued in 2020 issued by its fast-track Covid-19 financing facility, which was set up to help sustain economies and preserve jobs during the pandemic.Wiocc sees big opportunity as Equiano, 2Africa cables come online

“This new investment supports our goal of establishing an integrated, open-access, core-to-edge cloud ecosystem throughout the African continent, underpinned by truly scalable, carrier-neutral, open-access, shared infrastructure that delivers high-quality and affordable digital connectivity,” said Wood in a statement about the IFC’s latest investment.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 8. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Former Cell C finance boss joins Oceana GroupOceana Group appoints former Cell C CFO Zaf Mahomed as chief financial officer designate and executive director. CareerMoves Oceana CellC
Источник: ITWeb - 🏆 45. / 51 Прочитайте больше »