Thousands of branch offices across Sub-Saharan Africa will be connected to “reliable yet affordable” satellite internet after SatADSL confirmed a €1 million (US$1.3 million) investment from Belgium.
The money has come from a Belgian private equity investor and will support SatADSL’s mission to provide low cost internet access and VoIP services across the continent.
Thierry Eltges, chief executive officer (CEO) of SatADSL, said: “This capital increase will provide us with the means to support our growth strategy and to further develop our low-cost multi-service delivery platform for the benefit of our African customers.
“In particular we are proud to help banks and money transfer companies to expand their commercial network of branch offices and to help them providing qualitative financial services to the most remote places.”
SatADSL has operated from Brussels, Belgium, since 2010 and currently offers services in 15 different countries.
