Neotel Gets Exclusive Seacom Landing Rights

Neotel has secured the exclusive landing rights for the $550 million (R3.8 billion) Sea Cable System (Seacom), which aims to reduce internet costs by 80 percent.Seacom is a privately funded cable that will connect south and east Africa to Europe and India.The Seacom cable system routes will pass along the east coast of Africa and through the Red Sea before terminating in Italy. In addition, it will land in Mozambique, Madagascar, Tanzania, Kenya and the United Arab Emirates.

Construction starts later this month for the cable to be operational in 2009. - Thabiso Mochiko, Johannesburg

Source: Business Report South Africa