Gateway Communications raises $100m to expand telecommunications market in Africa

ICT firm Gateway Communications has stated that it had raised $100m through a bond issue that would allow it to make further inroads into Africa's rapidly expanding telecommunications market.
According to Chief treasurer, Julian McIntyre, this was a first for a pan-African company, and confirmed mounting interest in the African continent. Gateway CE Peter Gbedemah said that completing this transaction allows them to invest further in meeting the expanding requirements of their customers and offering enhanced connectivity across the continent. Gateway Communications provides connectivity services to telecoms operators, particularly mobile, into and out of 28 African countries. Its customers include Celtel and Vodacom as well as international telecoms operators such as Verizon and France Telecoms.