Angola finances Brazil–US submarine cable with 130 million dollars
By the AFREEQUE newsroom, based on Redeangola
The Banco de Desenvolvimento de Angola (BDA), Angola’s development bank, will commit 130 million dollars to finance a telecommunications submarine cable linking Brazil to the United States. The project thus involves Angolan funds in international infrastructure, according to Rede Angola, which reported the operation.
The Development Bank of Angola (BDA), an Angolan public institution, will provide 130 million dollars to finance the installation of a telecommunications submarine cable linking Brazil to the United States. The financing, guaranteed by the Angolan state, was signed on Monday in Luanda, according to the Angolan Finance Ministry, as cited by the Lusa news agency.
The project also includes the construction of a data centre in Brazil. Angola Cables, an Angolan company specialising in digital infrastructure, is leading the consortium responsible for building the fibre-optic link, which is to connect Angola to Brazil before continuing to the United States.
