Huawei Technologies Co. plans to complete a $238 million fiber-optic network in bauxite-rich Guinea in 2017, according to Tony Zhang, the companyâ€™s director in the country.
Chinaâ€™s largest maker of networking equipment started laying down the 4,000 kilometers (2,485 miles) of 40 gigabyte-capacity cable on July 25, Zhang said in a Sept. 9 interview in Conakry, Guineaâ€™s capital. The Export-Import Bank of China loaned the funds to pay for 90 percent of the project, while the West African nationâ€™s government will provide the rest, he said.
“This project will give the people high-speed Internet access,” Zhang said. “It can help with microeconomic growth. The country has the needs.”
Source: Bloomberg Business