Paratus and Telecom join forces
18 February 2021 | Technology
Paratus and Telecom Namibia on Tuesday signed an agreement to land the subsea cable, Equiano, in Namibia.
The move is expected to provide Namibian networks and their customers with greater capacity, enabling more product options that can stimulate economic growth and support a competitive telecommunication sector.
The deal was revealed in a press statement on Tuesday evening.
“Paratus and Telecom Namibia have made a significant investment in landing the Equiano cable in Namibia,” the two said in the joint statement. Paratus Group CEO Barney Harmse described the move as a milestone for Paratus.
“We are honoured to be co-investing with Telecom Namibia on the Equiano subsea cable project because this matches our goals of delivering unlimited connectivity and building Africa's quality network with all the Internet capacity it needs,” he said.
Harmse said the additional capacity offered by the Equiano cable, the largest on the African continent, further strengthens the Paratus SADC footprint and European network connection, as well as the operator's long-term growth strategy.
Telecom Namibia CEO, Dr Stanley Shanapinda said the collaboration affirms that strategic partnerships between local network providers will greatly promote economic growth and digital transformation, while accelerating Namibia's participation in the fourth industrial revolution.
“We are very proud to be an investor in the Namibian branch,” he said.
The cooperation between Paratus and Telecom Namibia reflects the spirit and objectives of the Communications Act, as envisioned by the Namibian government. Collaboration by local operators is proving that the benefits of cooperation are far-reaching not only for customers but also for the entire ICT market in Namibia and beyond.
Paratus also announced that it has joined forces with private licensed operator, Demshi Investment Holdings as a significant capacity investor.
Demshi Investment Holdings CEO, Werner Shilunga said: “Our investment in the Equiano cable capacity means that we will be able to offer our clients international internet capacity, a much-needed diversified route, security of supply and unmatched quality of service.”