May 17, 2017 6:30 am JST

Mitsui enters fiber-optic market in Africa

Japanese rading house partners with Google, World Bank lender in Nairobi

TOKYO -- Mitsui & Co. has established a fiber-optic company in Kenya with Google and others in hopes of capturing robust demand for high-speed telecom services in Africa.

The partners, which also include the World Bank group lender International Finance Corp. and a South African investment fund, set up CSquared in Nairobi. 

Since 2013, Google has installed fiber-optic cables totaling more than 800km in Uganda's Kampala, and more than 840km in Ghana's Accra. But to offer seamless high-speed data services in urban centers, existing networks need to be beefed up. 

The $100 million project aims to install additional underground fiber-optic cables in those cities and lease them to internet service companies and mobile carriers for a fee. The company also plans to expand cable installation elsewhere in sub-Saharan Africa. 

In sub-Saharan Africa, data transmission via mobile devices is expected to grow tenfold by 2022, making construction of the necessary infrastructure imperative.

In 2015, Mitsui took a 20% stake in Afrimax, which offers high-speed mobile communication services in Uganda and Ghana. Mitsui seeks to strengthen collaboration between Afrimax and the new company and will also look into getting into businesses likely to flourish under the improved telecom infrastructure, such as e-commerce. 

(Nikkei)

Mitsui & Co., Ltd.

Japan

Market(Ticker): TKS(8031)
Sector:
Industry:
Distribution Services
Wholesale Distributors
Market cap(USD): 24,627.80M
Shares: 1,796.51M

Get Insights on Asia In Your Inbox

To read the full story, Subscribe or Log in

Get your first month for $0.99

Redeemable only through the Subscribe button below

Once subscribed, you can…

  • Read all stories with unlimited access (5 articles per month without subscription)
  • Use our smartphone and tablet apps

To read the full story, Subscribe or Log in

3 months for $9
SUBSCRIBE TODAY

Take advantage of this limited offer.
Subscribe now to get unlimited access to all articles.

To read the full story, Update your account

We could not renew your subscription.
You need to update your payment information.

To read the full story, Subscribe or Log in

Once subscribed, you can…

  • Read all stories with unlimited access (5 articles per month without subscription)
  • Use our smartphone and tablet apps

To read the full story, Subscribe or Log in

3 months for $9
SUBSCRIBE TODAY

Take advantage of this limited offer.
Subscribe now to get unlimited access to all articles.

To read the full story, Update your account

We could not renew your subscription.
You need to update your payment information.