SEACOM launched Africa's first broadband submarine cable system along the continent's Southern coasts in 2009. SEACOM is privately owned and operated.
19-474: SEACOM may refer to: SEACOM (African cable system) , a private venture that owns and operates a submarine cable connecting south and east Africa SEACOM (Asian cable system) , a telephone cable linking Hong Kong with Malaysia Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title SEACOM . If an internal link led you here, you may wish to change
38-514: A $ 600 and a $ 650 million project, and has seen a number of upgrades to landing station infrastructure, national backhaul and increases to carrying capacity, with an increase to 2.6 terabits per second (Tbit/s) in May 2012, and then to 12 Tbit/s in 2014. The cable landing points are: SEACOM Partner Network landing points include: Nedbank Michael Davis ( CFO ) Mfundo Nkuhlu ( COO ) David Crewe-Brown ( CRO ) Nedbank Group
57-649: A 75% share in the new company. On 1 October 1954, the Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika (NBvZA) merged with Amsterdamnsche Goederen Bank becoming Nederlandse Overzee Bank (NOB). In a NBSA shares issue in 1957, NOB maintained its shareholding at 75% but in December 1961, a new share issue by NBSA was not taken up by NOB and so the latter's shareholding dropped to 49 percent. On 1 July 1964, NOB sold some of its shareholding in NBSA to
76-678: A point of presence (PoP) in Marseille , as well as from Tanzania to India into a PoP in Mumbai . SEACOM has also built an on-net European network, managed and operated by themselves, to deliver transport layer , internet protocol (IP), and multiprotocol label switching (MPLS) services to the following cities in Europe: Through third-party networks in Europe, SEACOM also delivers these services to other locations in Europe not covered in
95-847: Is a financial services group in South Africa offering wholesale and retail banking services as well as insurance , asset management , and wealth management . Nedbank Limited is a wholly owned subsidiary of Nedbank Group. Nedbank's primary market is South Africa. Nedbank also operates in five other countries in the Southern African Development Community (SADC), through subsidiaries and banks in Eswatini , Lesotho , Mozambique , Namibia and Zimbabwe , as well as offices in Ghana and Kenya . Outside Africa, Nedbank provide international financial services in
114-492: Is privately funded, and approximately 75 percent Southeastern and South African-owned. Initial private investment in the SEACOM project was US$ 375 million: $ 75 million from the developers, $ 150 million from private South African investors, and $ 75 million as a commercial loan from Nedbank (South Africa). The remaining $ 75 million was provided by Industrial Promotion Services (IPS), which is the industrial and infrastructure arm of
133-624: The Aga Khan Fund for Economic Development . The IPS investment was funded by $ 15 million in equity , and a total of $ 60.4 million in debt from the Emerging Africa Infrastructure Fund and the FMO (Netherlands). Current ownership structure is as follows: 30 percent IPS, 30 percent Remgro , 15 percent Sanlam , 15 percent Convergence Partners, and 10 percent by Brian Herlihy. The cable is variously described as
152-868: The Isle of Man , Jersey , Guernsey , the United Kingdom and the United Arab Emirates . Nedbank is headquartered in Sandton , north of Johannesburg . The bank was founded in 1888, in Amsterdam as the Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika ("Dutch Bank and Credit Union for South Africa"). In August that year, the bank opened an agency in Church Street, Pretoria , South Africa with its mission being to provide credit and banking in and with South Africa. In 1903,
171-597: The Mees en Hope Groep NV received payment for its remaining shares between August 1969 and 1 June 1970. The South African counterpart was completely independent. The Dutch counterpart of the bank no longer exists. Syfrets SA and Boland Bank listed on the Johannesburg Stock Exchange in 1969. In 1971, NBSA changed its name to Nedbank. Nedbank Group formed from the merger of Syfrets SA, Union Acceptances and Nedbank in 1973. In 1986, Old Mutual became
190-469: The South African public which saw its holding of the latter drop to 25 percent. NOB merged with Bankierscompagnie NV in 1968 and by the 1971 was called Bank Mees and Hope . After a further share issue in 1968, the Mees en Hope's share in NBSA dropped to 20 percent. In July 1969, a decision to sell the remaining 20 percent was agreed too and the company became 100% South African-owned after
209-441: The amount and relative location along the transmission path of each type of fibre. Multiple fibre types are used in the cable: dispersion-shifted and non-zero dispersion-shifted . The repeaters are optical amplifier repeaters , using erbium -doped amplifiers . There are over 150 repeaters in the SEACOM system. They are spaced along the cable many tens of kilometres apart with the distance between repeaters varying depending on
SECTION 10
#1732797592214228-755: The company was renamed to Nederlandsche Bank voor Zuid-Afrika ("Dutch Bank for South Africa"). In 1906, the bank expanded and an office in London was opened. In 1925, NBvZA merged with the Transvaalsche Handelsbank . In May 1940, Germany invaded and occupied the Netherlands, and this impacted the management of the South African agency from latter country. The South African head office and its branch in London had sufficient assets in sterling, dollars and gold to cover its liabilities. As it
247-434: The link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=SEACOM&oldid=545075989 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages SEACOM (African cable system) Fibre-optic pairs are provided from Mtunzini to France to
266-409: The list of cities above. The SEACOM cable is deployed with a mixture of double armour cable, single armour cable, special protection cable (with a metallic wrap below the insulator, rather than steel wires), and lightweight cable without armour, used in deep waters. Shallower water cable typically has more protective armour than offshore, deeper cable. The cable is a loose tube design that determines
285-515: The major shareholder (53%) of Nedbank. In 1992, Syfrets, UAL Merchant Bank, and Nedbank Investment Bank Division merged to become Nedcor Investment Bank (NIB). Old Mutual, Nedcor's holding company , was demutualised and listed on the London Stock Exchange in 1999. The new Nedcor Group was formed on 1 January 2003, combining Nedcor, BoE, Nedcor Investment Bank, and Cape of Good Hope Bank into one legal entity. The Nedcor Group
304-458: The segment in the system. Repeater spacing is determined by a variety of factors, including the transmission capacity of the fibres in the cable and the distance between cable landing points . On 23 July 2009, the 17,000 kilometres (11,000 mi) cable began operations, providing the eastern and southern African countries of Djibouti, Kenya, Tanzania, Mozambique, and South Africa with high-speed Internet connectivity to Europe and Asia. The cable
323-556: Was an agency and with its Dutch head office no longer in control, the South African government appoint a controller to run the bank until 1945. Its share of the South African banking market in 1945 stood between 2 and 3 percent. The banks split on 15 January 1951, renaming its South African counterpart as Nederlandse Bank in Suid-Afrika/Netherlands Bank of South Africa (NBSA) with the Dutch bank (NBvZA) holding
342-522: Was officially switched on in simultaneous events held across the region, in Mombasa , Kenya, and Dar es Salaam , Tanzania. On 4 August 2020, SEACOM announced that it would more than double the capacity on its fibre-optic network by the end of August 2020. The continent's first broadband submarine cable system operator will add 1.7 Tbit/s to its network, bringing its total capacity to 3.2 Tbit/s along Africa's eastern and Southern coasts. SEACOM
361-669: Was renamed the Nedbank Group on 6 May 2005. In August 2009, Nedbank acquired the 49.9% of Imperial Bank South Africa that it did not own, so Imperial Bank South Africa is wholly owned by Nedbank. In October 2014, Nedbank acquired a 20% stake in Ecobank, converting its $ 285 million claim in Ecobank into equity. Nedbank Group is the holding company of all Nedbank's businesses, subsidiaries, associates and affiliates. The Nedbank Group's major subsidiary and associate companies include
#213786