Angola Cables Secures Loan for Angola-Brazil Subsea Link
An Angolan telecom operator, Angola Cables, has secured a loan from Japan Bank for International Cooperation (JBIC) of approximately USD 65.8 million for the construction of a complete submarine cable system connecting Angola and Brazil.
The loan was secured through the agreement between JBIC and Banco de Desenvolvimento de Angola (BDA), the state-owned development bank of Angola.
The cable, with a total length of 6,200 km will be manufactured and laid by NEC Corporation (NEC).
It will be the first world’s first optical submarine cable to be built across the South Atlantic.
The project will directly connect the African continent to South America, with the planned cable link to the U.S. subsea cable under construction at the landing station in Brazil, JBIC noted.
According to a NEC press release issued following the contract award in 2014, he cable system will land at Sangano cable landing station in Angola, near the capital city of Luanda, and in a datacenter in Fortaleza, Brazil.