Advancing Africa’s broadband infrastructure

CSquared Link Holdings, a company focused on delivering carrier-neutral, open-access broadband infrastructure, has recently secured a $25 million equity investment to accelerate the expansion of its operations across the African continent. Lanre Kolade, the CEO of CSquared Link Holdings, joined CNBC Africa for an insightful discussion on the company's mission and future plans. CSquared's model revolves around providing open-access broadband-enabling infrastructure such as fiber and microwave networks. By creating this shared infrastructure, CSquared aims to democratize connectivity and eliminate the need for individual operators to build their own networks. This approach not only fosters healthy competition but also increases broadband penetration and affordability for end-users. Kolade emphasized the importance of patient capital in executing such a vision. The long-term returns on investment necessitate a strategic approach that focuses on sustainable growth and fostering localized connectivity. By deploying infrastructure in underserved areas, CSquared enables local players to enter the market and compete on value, rather than solely on access. With the recent $25 million equity investment, CSquared is poised to expand its reach in existing markets like Liberia, Ghana, Togo, the DRC, Kenya, and Uganda. The company aims to deepen its presence in these countries by enhancing both metro and long-distance connectivity. In particular, the Democratic Republic of Congo (DRC) is set to receive a substantial portion of the investment due to its large landmass and underserved infrastructure. Looking ahead, CSquared plans to allocate approximately 50% of the funding to its current markets, with the remainder earmarked for expansion into two additional countries. Kolade highlighted Ethiopia as a key target market, given the government's efforts to liberalize the telecommunications sector and create a conducive regulatory environment for private players. Despite the challenges posed by varying regulatory frameworks across African markets, Kolade praised the responsiveness of regulators and policymakers in many of the countries where CSquared operates. The company has successfully navigated partnership models, public-private collaborations, and joint ventures to drive its expansion agenda. In discussing the broader impact of digital connectivity on social development, Kolade underscored the pivotal role that connectivity plays in Africa's future. With the continent's youthful population and growing digital economy, bridging the digital divide is essential for driving inclusive growth and innovation. Kolade emphasized the need for accelerated broadband access to keep pace with global technological advancements. To realize this vision, Kolade emphasized the importance of forming impactful partnerships and advocating for a conducive policy environment that prioritizes digital infrastructure development. By engaging with stakeholders across the public and private sectors, CSquared aims to catalyze progress and drive positive change in Africa's digital landscape. In closing, Kolade reiterated the company's commitment to advancing Africa's broadband infrastructure and expressed optimism about the transformative power of connectivity. As CSquared continues its expansion journey, the company remains dedicated to creating a more connected and digitally inclusive Africa.