Federal Government seeks $1.2bn private backing for fibre network
The Federal Government is seeking $1.2bn from private investors for a planned 90,000km nationwide fibre network, according to the supplied report. Physical deployment is scheduled to begin in October, although the available material gives no details of investors, financing terms or rollout locations.
The Federal Government is seeking $1.2bn in private capital for a nationwide fibre network project, Punch Nigeria reported. The planned network is expected to cover 90,000km. The supplied material says physical deployment is scheduled for October.
The project’s financing target indicates that the government intends to use private investment to support the development of the network. The report does not identify prospective investors, provide the proposed financing structure or say how much public funding will be committed. It also gives no details about the expected route of the fibre, the number of locations to be connected or the services that the network will support.
The October deployment date is the only timetable included in the available information. It is not clear from the supplied material whether that date refers to the start of construction, the beginning of installation or another stage of the project. The government’s stated objective is therefore limited in the available report to raising $1.2bn in private capital and deploying a 90,000km fibre network nationwide.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.