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Friday, Oct 19th

Banks approve $260mn for Angola-Brazil-US broadband cables

Banks approve 0mn for Angola-Brazil-US broadband cables.

Angolan banks have approved a $260 million bank guarantee earmarked for building an undersea broadband cable connecting the African country to Brazil and the US.

This is according to presidential order issued to Angolan press.

State-owned company Angola Cables, which is majority owned by Angola Telecom, has received the guarantee to build what will be called the South Atlantic Cable System and a second network between Brazil and the US, dubbed the Americas Cable.

The South Atlantic Cable System is expected to be 6,000 km long, linking Luanda in Angola to Fortaleza in Brazil by 2015 with a data transmission capacity of 40 Tbps.

Meanwhile, the Americas Cable -- which will be 10,556 km long and have a capacity of 64 Tbps -- is planned to connect the Brazilian cities of Fortaleza and Santos with Boca Raton in the US state of Florida.

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