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MainOne Cable stakes $240m on infrastructure

By on February 28, 2013
Funke Opeke

Funke Opeke

MainOne Cable Company has invested $240million (about 40 billion) in infrastructure alone before start-up to ensure reliability and sustainability in its service delivery.

The Chief Executive Officer of the company, Funke Opeke, stated this during the outfit’s first major awareness in Port Harcourt, Rivers State.

She noted that the telecommunications market had relied on VSAT to deliver internet services but regretted that it has been agonisingly slow.

She disclosed that MainOne built a submarine cable from Nigeria to Europe with points in Ghana, Ivory Coast, Senegal, stressing that its strength was based on reliability and flexibility to enhance Global IP Transit and global internet access.

According to her,” we have a strong governance structure and we are well capitalised. We had invested $240 million in infrastructure alone before start-up. We have a responsible board chaired by the founder of Guaranty Trust Bank (GTB) Plc and that should tell you something about reliability and sustainability”.

She said their partnership with major enterprise in West Africa, as well as Nigeria, has ensured their world class delivery services.