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Tuesday, May 23, 2017

Google pumps Sh10 billion in Africa’s fibre

Google headquarters
Google headquarters

About $100 million (Sh10.32 billion) has been invested by Google in building a wholesale metro fibre optic networks to enable reliable and affordable internet access in Africa.

This follows the signing of an agreement by Google, Convergence Partners, International Finance Corporation and Mitsui & Co Ltd to invest in CSquared, a broadband infrastructure company. CSquared will operate as an independent company headquartered in Nairobi.

“We believe that together under CSquared, we can get more done to roll-out and operate affordable, high-speed, and reliable infrastructure to expand internet access in Africa” Marian Croak, Vice-President at Google said in a statement.

CSquared was formed in 2013 by Google with the aim of expanding access to affordable and reliable broadband services.

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