Seychelles’ Broadband network and digital services will soon get a boost from a new cable system to be leased by Seychelles-based telecommunications provider Intelvision Limited with support from IFC.
IFC’s support to Intelvision, which provides data, Internet, and Internet-based voice services as well as pay-TV, includes an up to $10 million loan from its own account and an additional loan of $10 million mobilized from partners under the Managed Co-Lending Portfolio Program (MCPP).
The funding will enable Intelvision to lease a new cable being built by Vodafone Carrier Services as a branch of the 2Africa cable network, one of the largest subsea projects in the world, spanning over 37,000 kilometers and connecting 26 countries around the world.
The new cable will complement the existing Seychelles East Africa System and is expected to lower the cost of connectivity for telecom operators on the islands and increase competition for fixed broadband and mobile data services.
“I think it will revolutionize the way we experience the internet here in Seychelles. We are pleased to work together with Vodafone and IFC amidst the challenges of the pandemic.
Our aim is to enhance the telecommunication infrastructure of Seychelles and strengthen our digital offering to the people of Seychelles,” said Mukesh Valabhji, Chairman, Intelvision.
“By working with Intelvision to expand Seychelles’ digital offering, we can help the country meet growing demand for Internet connectivity while helping to lower prices to build a strong foundation for the country’s digital economic development,” said Marcelle Ayo, IFC’s Country Manager for Seychelles.
The new cable system will deliver over 600Gbps of international bandwidth to Intelvision and will represent a significant step-up with respect to connectivity speeds for households and business customers.
The cable will also increase the speed and capacity of Intelvision’s existing Fibre Optic & Hybrid Fibre Coaxial Networks.
Through the 15-year lease agreement with Vodafone, Intelvision plans to launch mobile telephony services in Seychelles, a country where most consumers access the Internet through a mobile phone.
The new cable system will also allow Intelvision to eventually expand its terrestrial network by providing 4G and 5G mobile networks to the whole of Mahé and the inner islands.