Somaliland:Globecomm receives contract worth USD 2.7 mln from Somcable

[Siciid1986]

”This will enable the Company to roll out these services at minimal entry level cost and expand the network as the project permits”

 

Globecomm Systems Inc. (NASDAQ: GCOM), a global provider of communications solutions and services, today announced that the Company has been awarded a contract for a new broadband wireless system technology from Somcable Limited (SCL) valued at $2.7 million.

 

Under the terms set forth in the contract, Globecomm will provide the infrastructure that will allow Somcable to deliver voice, Internet, TV and video communication services to SCL subscribers with the goal of developing a framework of a carrier class communications service provider. This will enable SCL to roll out these services at minimal entry level cost and expand the network as the project permits.

 

 

Globecomm will provide SCL with the design and infrastructure to allow SCL to maximize return on investment for this project. The project will ensure that high speed wireless technology is available at the site, which is capable of delivering sufficient scalable bandwidth to residents of Somaliland. Globecomm anticipates the completion of these contracts by the Company's fiscal year 2013 third quarter ending March 31, 2013.

 

Paul Knudsen, Vice President of Eastern Atlantic Team for Globecomm, said: "This is an exciting project. The system Globecomm will design and deploy will allow Somcable to offer high speed wireless voice, Internet, TV and Video services to their subscribers. The network we are supplying utilizes wireless technologies that can deliver fiber speeds to the customers."

 

Michael Cothill, Chief Executive of Somcable, said: “Our confidence in Globecomm to deliver a State-of-the-Art network such as this is unquestionable and the fact that Somaliland will uplift its profile and rise to become a participant in world class Multi-Media communications is extremely exciting in the development of the country’s communication infrastructure, which we are delighted to be part of.”

 

[Jacaylbaro]

Somaliland is moving forward by the day ....

[Carafaat]

Globecomm will provide the infrastructure that will allow Somcable to deliver voice, Internet, TV and video communication services to SCL subscribers with the goal of developing a framework of a carrier class communications service provider.

I thought Somcable was the telecom infrastructure company? Not the actual telecom, internet and TV service provider. Another monopoly in the making?