InfraMed has acquired a 21% stake in ‘Broadband for Africa’, a venture by Eutelsat aimed at enhancing satellite broadband services across the African continent.

Information on the Target

InfraMed has entered into a strategic partnership with Eutelsat Communications, acquiring a 21% stake in the venture ‘Broadband for Africa’. This initiative aims to enhance satellite broadband services across the African continent. InfraMed's investment aligns with its strategic focus on capitalizing on opportunities in regions characterized by dynamic demographics and significant infrastructure needs.

‘Broadband for Africa’ was established by Eutelsat in 2015 with the goal of providing affordable and high-quality broadband connectivity. The venture plans to utilize leased Ka-band capacity from Spacecom’s AMOS-6 satellite in its initial phase, followed by launching its dedicated High Throughput Satellite in 2019. This endeavor aims to serve various stakeholders, including telecom companies, Internet Service Providers, and government agencies, enhancing digital access across the continent.

Industry Overview in Africa

The telecommunications and broadband sector in Africa has been experiencing substantial growth over the past decade. A combination of rising mobile penetration, increasing internet adoption, and a burgeoni