Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

MTN Joins Submarine Cable Fray with WACS

Tue. October 27, 2009; Posted: 06:45 AM
Stocks RSS
Oct 27, 2009 (Vanguard/All Africa Global Media via COMTEX) -- SNLB | Quote | Chart | News | PowerRating -- MTN Nigeria, last week, entered the submarine cable competition going on in Nigeria today, joining ten other countries of the world in an agreement that would usher in West African Cable Systems, WACS.

The new turn in submarine cable system in Nigeria was sparked off by Second National Operator Globacom and another telecommunications company MainOne which both initiated submarine cable projects connecting Europe to Africa and subsequently landed them in Lagos, Nigeria and Ghana recently.

Being a very major player in Nigeria and indeed African telecom market, MTN perhaps felt it could not be in the back waters of the submarine cable revolution, and joined to make up the WACS team.

West African Cable System is a high capacity submarine cable system linking Europe, West Africa and South Africa with over 3.8 Tbps.

WACS has a consortium of 11 Operators from 9 Countries, including MTN, Portugal Telecom, Tata/Neotel, Telkom, Broadband Infraco, Vodacom, among others. It has an operator led and funding investment model, with a primary incentive to lower costs and improve in-country services.

MTN said that WACS operates an Open Access Policy to all operators, including competitive Telcos without restrictions even as prices of bandwidth when in operation would be determined by the consortium and not an individual member.

MTN also revealed that the Nigeria cable landing station would be built, developed, operated and managed by MTN Nigeria.

Announcing the development to a select ICT reporters, in Lagos recently, MTN's Corporate Services Executive, Mr Wale Goodluck, revealed that MTN would commence commercial operation on the WACS platform by December 2010.

Goodluck said MTN was driven by the realisation that Nigeria's significance in the world today is increasing by the day as it was emerging a major emerging market and communication hub in Africa.

For him, MTN has studied the growing International trade, Business and Relationships and examined the central role of communication technology as a major enabler in these relationships. He said that as the bandwidth intensive data services and business solutions are growing in Nigeria, there was need for reliable and affordable Communication Services.

All these, he noted, called for Good quality infrastructure and capacity robust complementary cable systems, which will offer value to consumers as well as suppliers by decreasing international bandwidth prices.

WACS, according to Goodluck, would increase consumer access to international bandwidth driven products, improve redundancy and diversity and thereby protect National Security interests.

The initiative would also reduce consumers susceptibility to physical cuts and damage on one system, creating opportunities for cable infrastructure share initiatives, and directly enhance each individual cable providers systemic reliability.

For full details for SNLB click here.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [SNLB]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.