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'Glo-1' to reduce online banking cost
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Glo-1' a fibre optic cable network initiative of Globacom, the nation's second national carrier will significantly lower the cost and improve the quality of Internet and virtual banking services in Nigeria and other parts of Africa before the end of this year, Eric Osiakwan, the executive secretary of the African Internet Service Providers Association (ISPAN) has said.
Osiakwan was speaking at the African Banking and Technology Conference in Lagos at the weekend. He observed that 'Glo-1' leads the list of fibre optic cable initiatives underway, which will serve Africa and bring improvement in service and reduced prices. He listed the other such initiatives as the Main One, Infinity Telecoms, TEAMS Limited, Seacom, Eassy and Baharicom among others.
Glo-1 is a 9,200 kilometre submarine fibre-optic cable project embarked upon by Globacom in strategic partnership with Alcatel-Lucent. On conclusion, the project will connect Nigeria with the United Kingdom, Spain, Portugal, Morocco, Sengal, Mauritania, Sierra-Leone, Liberia, Togo, Cape Verde, Gambia, Guinea Bissua, Guinea, Cote d'Ivoire, Benin Republic and Ghana.
It has a capacity for 32 channels with each channel holding 10 gigabits per second or STM 64 dense wave length division multiplexing.
Osiakwan noted that the Alcatel-Lucent ship carrying out the Glo-1 project left Nigeria for Senegal in January this year to complete the cable and that the cost of the service to customers would be less than that of SAT3 for which the Nigerian Telecommunications Limited (NITEL) has exclusive rights.
Of the 'Main One' cable undertaking, he said Main Street Technologies was the sponsor and that the facility would service the West Coast of Africa. It would interconnect countries of the Atlantic Coast from Morocco through to Angola, with each other, and through Portugal to the rest of the world and that pricing would be independent of distance.
'Main One' is an open access system to provide international and Internet communications capacity via direct subscription to all operators who have wholesale capacity requirements. The system is currently under development and is targeted for completion next year (2009).
The submerged cable will have a capacity of 1.28 terabits and will connect countries including Portugal, Morocco, Nigeria, Cote'd Ivoire , Ghana, Gabon, Senegal, the Democratic Republic of the Congo and South Africa. The Infinity Telecom initiative is led by Nigerian Adedoyin Ademilola and American Robert Woog.
It will connect Portugal, Cameroun, Nigeria, Benin, Liberia, Senegal, Cote d'Ivoire and Ghana.
Osiakwan enthused that the 'Glo-1' would be up this year and that West Africa would then have two cable networks which should then make bandwidth costs the lowest in the region.
He noted that the Infinity Telecom initiative was inching close to the Glo-1 expected completion date and that TEAMS and SEACOM had awarded supply contracts and should come on stream next year.
He observed that almost a dozen credible systems have been announced for a total proposed investment of $6.4 billion ( about N748.8bn) and that there was likely to be consolidation among the proposed systems.
Osiakwan was speaking at the African Banking and Technology Conference in Lagos at the weekend. He observed that 'Glo-1' leads the list of fibre optic cable initiatives underway, which will serve Africa and bring improvement in service and reduced prices. He listed the other such initiatives as the Main One, Infinity Telecoms, TEAMS Limited, Seacom, Eassy and Baharicom among others.
Glo-1 is a 9,200 kilometre submarine fibre-optic cable project embarked upon by Globacom in strategic partnership with Alcatel-Lucent. On conclusion, the project will connect Nigeria with the United Kingdom, Spain, Portugal, Morocco, Sengal, Mauritania, Sierra-Leone, Liberia, Togo, Cape Verde, Gambia, Guinea Bissua, Guinea, Cote d'Ivoire, Benin Republic and Ghana.
It has a capacity for 32 channels with each channel holding 10 gigabits per second or STM 64 dense wave length division multiplexing.
Osiakwan noted that the Alcatel-Lucent ship carrying out the Glo-1 project left Nigeria for Senegal in January this year to complete the cable and that the cost of the service to customers would be less than that of SAT3 for which the Nigerian Telecommunications Limited (NITEL) has exclusive rights.
Of the 'Main One' cable undertaking, he said Main Street Technologies was the sponsor and that the facility would service the West Coast of Africa. It would interconnect countries of the Atlantic Coast from Morocco through to Angola, with each other, and through Portugal to the rest of the world and that pricing would be independent of distance.
'Main One' is an open access system to provide international and Internet communications capacity via direct subscription to all operators who have wholesale capacity requirements. The system is currently under development and is targeted for completion next year (2009).
The submerged cable will have a capacity of 1.28 terabits and will connect countries including Portugal, Morocco, Nigeria, Cote'd Ivoire , Ghana, Gabon, Senegal, the Democratic Republic of the Congo and South Africa. The Infinity Telecom initiative is led by Nigerian Adedoyin Ademilola and American Robert Woog.
It will connect Portugal, Cameroun, Nigeria, Benin, Liberia, Senegal, Cote d'Ivoire and Ghana.
Osiakwan enthused that the 'Glo-1' would be up this year and that West Africa would then have two cable networks which should then make bandwidth costs the lowest in the region.
He noted that the Infinity Telecom initiative was inching close to the Glo-1 expected completion date and that TEAMS and SEACOM had awarded supply contracts and should come on stream next year.
He observed that almost a dozen credible systems have been announced for a total proposed investment of $6.4 billion ( about N748.8bn) and that there was likely to be consolidation among the proposed systems.
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