Angola approves $260M bank guarantee for undersea fiber cables installation

Fiber Optic Cable

The Government of Angola has approved a bank guarantee of USD 260 million to install an undersea fibre optic cable linking Angola, Brazil and the US, according to a presidential order published by the Angolan press.

The bank guarantee, from two Angolan banks, was granted to state-owned company Angola Cables, and is intended for an undersea telecommunications cable between Angola and Brazil, called the South Atlantic Cable System, and another between Brazil and the US, called the Americas Cable.

Read more: Angola approves bank guarantee for undersea fibre project – Telecompaper.