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.
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