InfraMed Invests in Eutelsat’s ‘Broadband for Africa’ Satellite Venture
Eutelsat Communications and InfraMed have entered into an agreement whereby InfraMed becomes a c.21% shareholder in ‘Broadband for Africa,’ the venture set up by Eutelsat to provide satellite broadband services on the African continent. By investing in ‘Broadband for Africa,’ InfraMed is pursuing its strategy to focus on opportunities in regions characterised by dynamic demographics and infrastructure insufficiency.
Laurent Grimaldi, CEO of ‘Broadband for Africa’ commented: ‘In leveraging state-of-the-art satellite technologies, ‘Broadband for Africa’ will offer telcos, Internet Service Providers and government agencies a quality solution that enables more Africans to get online. We welcome InfraMed as a shareholder and look forward to benefiting from its track record of successful infrastructure investments.’