TEAMS

TEAMS (The East African Marine System) is a point-to-point system connecting Mombasa, Kenya and Fujairah, UAE. It was initially proposed by Communications Commission of Kenya (CCK) in 2006.

• Supply contract awarded to ASN in October, 2007
• CAPEX : USD 82 mn
• Revised ownership, as of 2008: Gov’t. of Kenya (20%); UAE incumbent Etisalat (15%); Earmark for “Private Telecommunications Operators” (65%) -- Interested: Safaricom, UUNet, Access Kenya, Jamii Telecom
• Investors assuming 5% equity would pay USD 214/Mb/mo. for wet plant between Mombasa and Fujairah
  
• Onward connectivity from Fujairah to Europe or USA would be USD 55k to USD 100k per STM-1 per year, according to Kenyan gov’t
• RFS : ??
• Capacity : ??

Credits: M Ruddy/Terabit

*Update*
Quotes from Telegeography 11/03/2009

Eleven shareholders in The East African Marine Cable (TEAMS) international undersea cable project have signed an agreement to plough USD110 million into the fibre-optic link, while the Kenyan government has pledged another USD20 million. The government, Telkom Kenya and Safaricom each hold 20% in the TEAMS project, while Kenya Data Networks and Econet Wireless have 10% each. Other investors include Wananchi Online (5%) and Jamii Telkom (3.75%). Another five companies plan on buying a 1.25% stake each, while the remaining 5% has yet to be allocated, Reuters reports. The installation of the cable, which will link Mombasa in Kenya to Fujairah in the UAE, is due to begin later this month and is scheduled to be complete by June.

Quotes from Subtelforum 11/03/2009

Reuters Africa is reporting that eleven shareholders of The East African Marine Cable (TEAMS) have agreed to contribute $110 million to the project. The Kenyan government will contribute an additional $20 million. Major shareholders include Telkom Kenya, Safaricom, Econet Wireless, Kenya Data Networks, Wananchi Online and Jamii Telkom.

Bitange Ndemo of the Kenyan Information and Communications Ministry said that TEAMS is on track for completion in June.