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.
