EIB Supports Extension of EllaLink Cable to Cape Verde
July 9, 2019
The European Investment Bank announced it will provide USD 25 million for construction of the EllaLink submarine cable to Cape Verde, enabling faster internet access and the roll-out of 4G mobile services across 10 islands. The loan to Cabo Verde Telecom will also help expand FTTH internet access and enable solar energy to be used to power the telecom network. It is part of a total investment package worth USD 60 million by the local operator.
Existing communications rely on a single submarine cable that is reaching the end of its operational life and has limited data capacity. The new link will connect to the EllaLink cable system currently being laid between Brazil and Portugal which extends to the Cabo Verde archipelago.