Telecom

Korea Telecom Rwanda Networks injects $10mln in 4G upgrade project

Korea Telecom Rwanda Networks injects $10mln in 4G upgrade project
Tuesday, 03 December 2019 10:27

In response to the recent trouble on its 4G coverage, broadband Internet provider Korea Telecom Rwanda Networks, a joint-venture between Korea Telecom and the Government of Rwanda, has invested $10 million to upgrade its network.

Works will be conducted in two phases, the first of which is already underway and runs until December 15. Phase I concerns the optimization of communication systems while Phase II, set to end by March 2020, will focus on the deployment of a new LTE Advanced service in Kigali and other busy cities.

Daeheak AN (pictured), CEO of KTRN, said the investment will ensure an improvement in the quality of Internet service and “trigger another innovation and ICT development in Rwandan's daily life as well as offer new business opportunities to many start-ups; that aligns well with our vision moving forward.”

With LTE Advanced, KTRN, whose network already covers 95% of the territory, with an Internet penetration rate of 52%, wants to go further and reach more people for greater digital inclusion.

On the same topic
Funding will support fiber, data centers, and international connectivity Proparco contributes $15 million as part of the financing...
Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connectivity starting in 2026. The agreement aims to extend...
Airtel Zambia launched a $107 million nationwide network expansion program to improve coverage, reliability and customer experience. The plan...
Morocco secured its sixth international connection via the Medusa submarine cable, with operations scheduled for 2026. Inwi contracted a 1,416 km...
Most Read
01

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
02

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
03

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
04

Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...

$138 Million Standard Bank Facility to Power Safaricom's Ethiopia Business Expansion
05

BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. ...

BNP Paribas Enters Exclusive Talks to Sell BMCI Stake to Holmarcom
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.