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Oceania's initial plan for Sub-Saharan Africa
Alexander News International Inc AWS
Shares issued 4,593,465 Sep 21 close $0.60
Tue 22 Sept 98 News Release
Mr. Donald O'Sullivan reports
Alexander advises that the following is joint venture partner, Oceania
Limited London's initial plan for the development of telecommunications in
Sub-Saharan Africa.
Oceania is focusing on the eastern and southern African states in
Sub-Saharan Africa by implementing Tele-Trade Centres (TTCs). Management's
goal is to install 2,000 TTCs within the next five years, with a planned
capital investment of $25-million (U.S.), through the facilitation of
telecommunications licences in the region. Oceania plans on supplying the
people with the ability to communicate through wireless local loop
technology.
A typical TTC will provide telephones, facsimile machines, printers, e-mail
and Internet connections on a pre-paid basis with an integrated
paging/voice-mail system to receive messages. TTCs will ensure that
individuals, businesses and community groups in the region can reap the
economic and social benefits offered by modern technologies on an
affordable basis. The TTCs will provide a hi-tech infrastructure, which
will stimulate the effective use of telecommunication and computer
technology for information access, education, trade, employment, training
and business enterprise. The TTCs will engage local people to run the TTC
as a business. Oceania will provide all of the equipment at its own cost
and will train the local people in the use of the equipment. These will be
established as individual Build Operate Transfer (BOT) business centres
empowering local businesspersons and entrepreneurs.
Africa, with 743.07 million people, has an average of 1.85 main telephone
lines per 100 inhabitants according the International Telecommunications
Union's (ITU) March 1998 World Telecommunications Indicators compared to
Canada with 60.24, United States with 63.99, United Kingdom with 52.76 and
Australia with 51.88.
Alexander is considering a strategic equity partner to complement Oceania's
expertise in the telecommunications industry due to the magnitude of the
project.
Alexander and Oceania are committed to establishing a voice and data
communications platform in Sub-Saharan Africa that will relieve the pent up
subscriber demand in the region while bringing Oceania into the competitive
global telecommunications market.
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