The African Guarantee and Economic Cooperation Fund (FAGACE) will help to finance the deployment of 4G networks in Cameroon and Chad through a XAF40 billion (USD82.5 million) bond issue, Investir Au Cameroun reports. The financing will be used to fund a number of private projects, including the rollout of 4G infrastructure by Swiss-owned wireless broadband provider YooMe Africa in the two Central African countries. The bond is being arranged by La Financiere, which is based in the Republic of Congo, and CENAINVEST, a private equity management company in Cameroon. TeleGeography’s GlobalComms Database notes that YooMee Africa commenced operations in Cameroon in May 2011 as a WiMAX operator and launched commercial Time-Division Long Term Evolution (TD-LTE) services in Cote d’Ivoire in April this year.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors