By SubTel Forum

Reuters Africa is reporting that eleven shareholders of The East African Marine Cable (TEAMS) have agreed to contribute $110 million to the project.  The Kenyan government will contribute an additional $20 million. Major shareholders include Telkom Kenya, Safaricom, Econet Wireless, Kenya Data Networks, Wananchi Online and Jamii Telkom.

Bitange Ndemo of the Kenyan Information and Communications Ministry said that TEAMS is on track for completion in June.

The complete article is available here.