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MTN lands subsea cable in South Africa to boost Africa's connectivity

JOHANNESBURG (Reuters) - MTN South Africa and MTN GlobalConnect, in partnership with a consortium, have landed a 45,000 kilometre subsea cable in South Africa, part of plans to...
MTN lands subsea cable in South Africa to boost Africa's connectivity © Reuters. FILE PHOTO: Customers are seen at an outlet of South Africa's MTN Group at the Mall of the South in Johannesburg, South Africa, November 4, 2022. REUTERS/Siphiwe Sibeko
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JOHANNESBURG (Reuters) - MTN South Africa and MTN GlobalConnect, in partnership with a consortium, have landed a 45,000 kilometre subsea cable in South Africa, part of plans to build a subsea network to connect African countries to Europe and the Middle East.

Africa's big economies have a fast growing population of internet users, with growth fuelled by rapidly expanding mobile broadband networks and affordable smartphones.

But the continent still lags behind the rest of the world in internet connectivity.

"Data traffic across African markets is expected to grow between four and five fold over the next 5 years, so we need infrastructure and capacity to meet that level of growth and demand," MTN Group Chief Executive Ralph Mupita said in a statement.

The subsea cable project, called 2Africa which will go live in 2023, aims to build subsea cable infrastructure which will directly connect countries around the African coast to Europe and the Middle East.

MTN subsidiary MTN GlobalConnect said the landing for the cable was in Yzerfontein and Duynefontein, in the Western Cape province of South Africa and the subsea cable system will support the western and eastern sides of Africa once complete in 2023 and 2024 respectively.

Subsea cables are the backbone of the internet, carrying 99% of the world's data traffic.

The consortium includes MTN GlobalConnect, China Mobile (NYSE:CHL) International, Meta, French telecoms company Orange SA (NYSE:ORAN), Telecom Egypt, Vodafone (NASDAQ:VOD), Mauritius-based infrastructure provider WIOCC and Saudi Arabia's center3.

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    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
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    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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