LAGOS, NIGERIA and MORRISTOWN, - October 10, 2008 --
Main Street Technologies today confirmed that Phase 1 of the Main One Cable System is progressing on schedule, following the company’s acquisition of the first ever issued submarine cable system landing license in West Africa. Main Street Technologies awarded Tyco Telecommunications the turnkey supply contract for the system in April 2008.
The Phase 1 cable system will span 6,900 kilometres and provide the much needed high capacity for international and internet connectivity to countries between Portugal and the West coast of Africa. The submarine cable project is designed in two phases, with the second phase extending connectivity another 6,000 kilometres to South Africa. The dual fibre pair, 1.28 Terabits per second, Dense Wave Division Multiplex project will connect Nigeria, Ghana and Portugal in the first phase with onward connectivity through Portugal to Europe, Asia and the Americas; and extends to Angola and South Africa in the second phase.
The Main One Cable system will provide open access to regional telecom operators and Internet Service Providers at competitive rates that are less than 20% of current Sat 3 or Satellite international bandwidth prices in the region. As a business championed by African entrepreneurs, the company will encourage local content development via skills transfer of critical networking technologies and job creation with the location of the Global Network Operational Centre (GNOC) for the entire system in Nigeria and new cable stations both in Ghana and Nigeria. The system will provide broadband capacity to expand Internet access in the sub-Saharan region which currently stands at less than five percent, as well as ease the difficulties of switching traffic between African countries without the need to go through Europe.
Main Street Technologies Chief Executive Officer (CEO) Funke Opeke stated, “With the support of individual investors from within our region, private equity institutions, development finance institutions and a handful of African banks, the development of the project and execution of the contract by Tyco Telecommunications remains in line with our schedule for completion in May 2010.”
Quoting Mike Rieger Vice President of Sales, Marketing and Project Management for Tyco Telecommunications, “With efforts such as the Desk Top Study and system design work being complete, we look forward to working with Main Street Technologies to bring this privately owned cable contract for the Main One Cable System to successful conclusion.”
About Main Street Technologies
Main Street Technologies is the developer of the privately funded Main One Submarine Cable System to be commissioned in the first half of 2010. The system will complement the business of Regional operators and Internet Service Providers by providing a wholesale solution for international bandwidth on a shared infrastructure basis. The system is designed to deliver more capacity into the region than any of the other existing or proposed solutions using Dense Wave Division Multiplexing technology of 1.28 Terabytes per second with two fibre pairs.
About Tyco Telecommunications
Tyco Telecommunications, a business unit of Tyco Electronics and an industry pioneer in undersea communications technology and marine services, is a leading global supplier for today's undersea communications requirements.
Drawing on its heritage of technical innovation and industry recognized performance, the company delivers the most reliable, high-quality solutions to organizations with undersea communications needs vital to their core mission. In more than five decades of operation, Tyco Telecommunications has designed, manufactured, and installed more than 80 undersea fibre optic systems around the world. Tyco Telecommunications’ global presence, backed by industry leading research and development laboratories, manufacturing facilities, installation and maintenance ships, depots, and management team work together to implement integrated solutions and network upgrades, with unsurpassed reliability, that support the needs of telecommunications, internet providers, offshore and science customers worldwide.
For more information, visit www.tycotelecom.com.