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.
Thank you for participating in discussions on The Star, Kenya. Note that:
- Unwarranted personal abuse and defamatory statements will be deleted.
- Strong personal criticism is acceptable if justified by facts and arguments.
- Deviation from points of discussion may lead to deletion of comments.