Seacom, which operates a subsea cable connecting Africa to the rest of the world, anticipates significant growth in 2014 as it continues to develop IP solutions for its operator customers.
Mark Simpson, CEO, Seacom, said that he anticipates strong growth in the African telecom market as the impact of government and operator investments into national fibre links, last-mile connectivity, and local content continue to be felt across the continent.
Simpson said that in the coming year, Seacom will continue its “evolution from a cable operator into an infrastructure provider” that offers a range of IP solutions to its service provider and operator customers.
“During the past year, we have seen terrific progress,” he said. “Our investments in West coast capacity, our African ring and meshed IP networks have started to come into their own – developments that have been really good for Seacom’s customers.
“Terrestrial fibre penetration has also improved and we’re seeing continued and essential access network developments across our markets. These factors helped us to grow in 2013 and will continue to fuel our evolution in 2014,” Simpson said.
He added that the company will also expand into some African countries that it does not yet serve directly, particularly on the West coast.
“Seacom will continue to invest in countries to ensure its drive to become a truly pan-African infrastructure provider is met.”
The CEO estimated that the African telecom market has grown its international capacity consumption by an average compound annual growth rate (CAGR) of 35% to 50% each year in the past few years and can be expected to do in the next few years.