Benin: ISP Isocel Gets EUR 6M To Drive Network Expansion
Isocel, a Benin-based ISP is reported to have secured a 6 million Euros credit line to build out and expand its fibre optic network to new locations in the country, starting from the greater Cotonou area. The funding facilities is said to have been provided by the French investment bank BPI France.
According to Isocel "it is committed to offering very high-speed internet to meet the increasingly growing demand, and will be deploying, by the end of 2021, 500km of optical fibre in Benin through the implementation of the project called Isocel Next Generation Access Network (INGAN)."
Robert Aouad, the chief executive officer of Isocel said that project falls in line with the country's plan to develop and promote the digital economy in secure Benin as the digital hub of the sub-region.
Aouad said that he expects to acquire a minimum of 10,000 subscribers to the service in the near to medium term, and will be deploying an army of sales peoples to go door-to-door to achieve this critical objective.
Credit: contribution from IT Web Africa