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ALT - Allied Technologies Limited - ALTECH granted broadband Licence in Rwanda
Allied Technologies Limited
Member of the Altron Group
Incorporated in the Republic of South Africa
(Registration number: 1946/020415/06)
Share code: ALT
ISIN number: ZAE000015251
ALTECH GRANTED BROADBAND LICENCE IN RWANDA
Allied Technologies Limited today announced that Altech Stream Rwanda Limited,
one of its African subsidiaries, has been granted a licence to deliver broadband
Internet access services in Rwandan cities.
The Altech Stream Rwanda licence which provides the rights to deliver
comprehensive broadband services using both wifi and wimax as well as dedicated
spectrum usage rights in 2.5 GHz, 3.5 Ghz and 15GHz bands also includes the
rights for Altech Stream to install it`s own satellite earth-station for direct
connection to the world wide web.
Altech CEO Craig Venter, on announcing the granting of the licence, said "The
licence provides Altech Stream Rwanda Limited with the right to cover the major
cities of Rwanda and deliver a range of services at access speeds and quality
levels far exceeding those experienced to date by Rwandan users of data based
services. We regard Rwanda as an important starting point in the execution of
our strategy to operate broadband networks on the African continent".
In addition Venter said "The services to be offered in Rwanda will include
access to the Internet, e-mail services and value added ISP services. Pent-up
demand is evident amongst customers in the business and consumer segments,
whilst government and foreign institutions in the educational, diplomatic
agencies and embassy offices have indicated their need for quality internet
based services".
Director General of the Rwanda Utilities Regulatory Agency, Francois Zimulinda
said "We are very pleased to have granted Altech Stream a broadband ISP license
and congratulate Altech Stream on their bold move into Rwanda and we are
confident that the project in Kigali will be a success".
Altech Stream Rwanda Limited is a venture incorporated specifically for this
purpose in Kigali, the capital of Rwanda. Its shareholders include Altech Stream
Holdings (Pty) Limited, a wholly owned SA based subsidiary of Altech and SK
Telecoms SARL, a specialist telecommunications company in Rwanda. Venter praised
the Rwandan telecommunications regulatory authorities for the efficient manner
in which the licence application was processed and the licence granted to Altech
Stream Rwanda Limited.
The licence provides the network operator with the right to deliver commercial
Internet services, use specific channels of frequency spectrum and operate its
own international gateway to gain bulk access to the Internet in the UK/Europe
and the USA.
Venter further commented that Altech was principally attracted to Rwanda due to
its market potential, efficient Government agencies and central role it could
play in Altech`s strategy of penetrating the East African region. Said Venter,
"Rwanda is viewed as a potential bridgehead for the launch of similar operations
in other countries in the region, including Kenya, Uganda and Tanzania, all of
which display attractive levels of broadband market potential."
Altech Stream Rwanda Limited has commenced the detailed engineering designs of
the broadband infrastructure and believes its Kigali network will be operational
before the end of the year.
ENDS.
FOR MORE INFORMATION PLEASE CONTACT:
HENK BASSON: GENERAL MANAGER: CITY-STREAM
CELL: 082 604 4441
EMAIL: hbasson@altech.co.za
OR
JOHN REGAN: GROUP EXECUTIVE: MARKETING
TEL: (011) 715-9038
FAX: (011) 715-9044
CELL: 084 800 8008
EMAIL: jregan@altech.co.za
Sponsor: Investec Bank
Date: 27/06/2007 12:36:00 Produced by the JSE SENS Department.
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