FibreCom has invested an additional $ 50 million in its fiber optic network to support the State in the digital transformation of the country. It thus brings to $ 110 million the amount already injected by the company in the development of its fiber optic network.
Fiber optic connectivity provider FibreCom, a subsidiary of Zambia Electricity Supply Corporation ( Zesco ), a public supplier of electrical power, announces a $ 50 million investment in its fiber optic network. This new funding will help support the government in the country’s economic transformation over the next two years.
“We support the government-led Smart Zambia program, which aims to provide connectivity across the country. We are going into areas where the private sector may not find economic interest, “ said Simon Muwowo, chief executive of FibreCom, in an interview with the Zambia Daily Mail . He revealed that the company has already invested $ 110 million to date in the development of broadband fiber optic connectivity.
The densification of the fiber optic network, Zesco considers it essential in view of the strategic role that broadband connectivity (increasingly demanded by consumers and even government structures) plays in the recovery and economic sustainability in a context of coronavirus pandemic.