logoBC
Yaoundé - 20 April 2024 -
Telecom

Orange Cameroon to invest 1.5 trillion FCFA over the next 10 years

Orange Cameroon to invest 1.5 trillion FCFA over the next 10 years
  • Comments   -   Saturday, 20 December 2014 22:30

(Business in Cameroon) - Managing Director of the mobile service company, Orange Cameroon, Elisabeth Medou Badang has just announced in an interview with the government daily publication that the France Telecom subsidiary plans to invest close to 1.5 trillion FCFA over the next ten years on the development and operation of its telecom network in Cameroon.

“Our wish is to invest in ACE (Africa Coast to Europe) submarine cable which remains a means of optimising internet access. We will implement it as soon as the regulatory framework allows us to do so. The same goes for high speed mobile service,” stated the Orange Cameroon Managing Director, who also went on to reveal the major investment that the company plans to make in Cameroon.

However, Orange’s plans for fibre-optic ACE cables are being impeded by Cameroon’s legislation which, for the time being, grants exclusive fibre-optic rights to Camtel, the public telecom company. This is why, in addition to SAT3, the WACS (West Africa Cable System) brought to Cameroon by MTN, had to be sold to the State which then transferred it to Camtel.

api-signs-key-agreements-to-boost-investor-access-to-economic-zones
The Investment Promotion Agency (API) reached two Memorandums of Understanding with the Port Authority of Kribi (PAK) and the Mission for the Development...
cameroun-repays-cfa39-8bn-debt-with-new-borrowings
On April 17, Cameroon reimbursed CFA39.8 billion on the public securities market of the Central African States Bank (BEAC). Renowned for its solvency...
cemac-raises-cfa4-336tn-in-2023-public-securities-cfa2-5tn-less-than-waemu
In 2023, the six Cemac countries collectively raised CFA4,336.3 billion on the public securities market of the Central African States Bank (Beac),...
cameroon-minister-urges-african-restaurants-to-unite-on-geographic-indications
Fuh Calistus Gentry, the interim Minister of Mines, Industry, and Technological Development, and Country Director of the African Intellectual Property...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »