Rwandan government has signed an agreement with South Korean integrated telecom service provider KT Corporation for the establishment of a joint venture, Rwanda Olleh Services Ltd, which will be responsible for improving the provision of online services in the country. According to Agence Ecofin, the new company will commence operations in March 2014 and will provide services such as ICT solutions for public and private institutions. Valentine Rugwabiza, CEO of Rwanda Development Board (RDB), said: ‘This will reduce costs for both the government and the private sector. The reduction of costs is of great importance.’
As previously reported by TeleGeography’s CommsUpdate, in June 2013 Rwanda signed a separate deal with KT Corp focusing on the provision of a 4G Long Term Evolution (LTE) network to 95% of the African state’s population within three years. Under the terms of the contract KT Corp will invest USD140 million, while the Rwandan government’s 25 year-term equity investment will comprise of the provision of access to its national fibre-optic networks and spectrum.