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MainOne launches $240m fibre optic cable

By Monsur Olowoopejo
As part of the effort to revolutionise Information Communication Technology, ICT, in Africa and Nigeria, MainOne Cable Company has introduced the first fibre optic cable worth $240 million about N36 billion.

Speaking, yesterday, at the launching ceremony, held in Lagos, the Chairman of the company, Mr. Fola Adeola, who was also flanked by the Governor Babatunde Fashola of Lagos State and Governor Liyel Imoke of Cross River State among others, said submarine cables were laid from Portugal to Lagos in a distance of about 7,200 kilometres.

He added that the firm currently has a solid base in London, South Africa, Bangalore and Tenerife.

Also speaking, the Chief Executive Officer of the organisation, Miss. Funke Okpeke, explained that it would be transmitting at a speed of 4.92 terabytes, stressing that what had been made available was faster than the 40 gigabytes available in Europe.

She noted that the cables made landing stations in Ghana, Morocco, Canary Islands, Senegal and Ivory Coast.

Acting Vice Chairman, Nigeria Communications Commissions, NCC, Dr. Bashire Gwandu, said the NCC slashed the firm’s licence fees to N25 million.

because of its determination to roll out fibre optic cable in the country.

Fashola urged all telecommunication companies in Nigeria to inform the government ahead of time before installing any fibre optic cable in the country so as not to destroy existing infrastructures in the process.

Imoke, on his part, described the technology as ground-breaking adding that it will revolutionize business and technology in Nigeria and Africa.

The technology was later demonstrated with teleconferencing between Lagos and London, Bangalore in India, South Africa and Tenerife.


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