Telecom

Africa: Spacecom partners with Azercosmos to improve its coverage

Africa: Spacecom partners with Azercosmos to improve its coverage
Monday, 20 March 2023 15:53

Since 2019, Spacecom has been ramping up initiatives to gain a foothold in the African satellite-based telecom services market. The company acquired a 9.3% stake in Canadian firm NuRAN Wireless in June 2021 for $3.2 million.

Israeli satellite operator Spacecom will leverage the capabilities of Azerbaijan's Azercosmos' Azerspace satellites to expand the geographic coverage of its services, particularly in Africa. The two parties signed a cooperation agreement for the joint implementation of long-term projects on Friday, March 17.

We see the use of telecommunication and teleport services of Azercosmos as an important step for the development of our joint space activities. Azerspace satellites are among the most dynamic satellites in the African market and they will provide quality services in digital broadcasting,” said Yon Rosenberg, Spacecom's Chief Revenue Officer.

The new partnership is part of Spacecom's African expansion strategy that began in 2019. The company's ambition is to become one of the leading providers of satellite communication solutions and services on the continent in a context marked by the growing demand for broadband connectivity and digital transformation. It is therefore multiplying strategic initiatives and partnerships to this end.

Thanks to Azercosmos' satellites, Spacecom will extend its services to millions more people, including those living in rural and remote areas whose access is difficult for terrestrial telecom operators' networks. According to the Global System Operators' Association (GSMA), only 515 million people were subscribed to telecom services in sub-Saharan Africa at the end of 2021. This figure represents 46% of the region's population.

Isaac K. Kassouwi

On the same topic
Nigeria approved the implementation of a geolocation-based alphanumeric digital postal code system to improve address accuracy nationwide. The...
The Ethiopian Securities Exchange has launched “Neway,” a web and mobile trading platform for investors. The tool allows users to open accounts,...
Nigeria will launch its National Single Window platform on March 27 to centralize trade procedures. The system will allow online processing of...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom network. The project will upgrade about 1,500 mobile...
Most Read
01

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
02

Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...

As Hormuz and Suez Tensions Escalate, Africa Faces a Potential Energy and Trade Shock
03

Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...

Nigeria Advances Banking Reform With Strong Recapitalization Progress
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
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.