Convergence Partners And Google Among Those Investing $100 Million Into Wholesale Broadband Provider CSquared

Convergence Partners along with Google, International Finance Corporation (IFC) and Mitsui & Co. Ltd. (Mitsui) have signed an agreement to invest $100 million in CSquared.

The investment will be used for CSquared's existing metro fibre network operations in Uganda and Ghana and for expansion into new markets.

“CSquared is a perfect fit with Convergence Partners’ vision for expanding the reach of quality, affordable broadband to Africa. Its disruptive model of deploying and operating infrastructure on an open access, shared basis will be instrumental in delivering commercial and developmental benefits through the unlocking of pervasive broadband access. The impact of broadband access as a catalyst for economic development is undeniable and well documented.” said Andile Ngcaba, Chairman of Convergence Partners.

With headquarters in Nairobi, Kenya, CSquared started off its life as Google's Project Link was a carrier-neutral open access, wholesale provider of high-speed metro fibre throughout sub-Saharan Afrika.

“We believe that together under CSquared, we can get more done to roll-out and operate affordable, high-speed, and reliable infrastructure to expand internet access in Africa. Project Link has demonstrated the impact of shared wholesale infrastructure, and we’re excited to see CSquared bring more infrastructure to more service providers and their customers.” said Marian Croak, Vice-President at Google.

Currently, CSquared has fibre networks in Uganda (800kms in Kampala and Entebbe) and Ghana (840kms in Accra, Tema and Kumasi).

The investment into CSquared presents a great opportunity especially because it is an open access network which will allow service providers to use their infrastructure and offer various Internet connectivity packages to their customers.

CSquared rolling out fibre cables in Uganda.

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