Celltel Networks Restricted, Ghanaian Technologies Enterprise, has appointed local finance organization, Ed & Co Capital Confined as monetary advisors for the $500 million Ghana Sensible Metropolitan areas project.
A memorandum of understanding to that influence was signed between the two firms in Accra with the Founder and Executive Chairman of Celltel Networks, Dr Prince Kofi Kludjeson and Chief Executive of Ed and Co, Emmanuel Dabi, initialing the arrangement.
As aspect of the deal, Ed & Co would organize and deal with the romantic relationship concerning many institutions or persons and the banking companies that would underwrite the subscriptions on clients’ behalf.
The Ghana Wise Towns undertaking, created to provide very affordable nationwide Wi-Fi network in collaboration with the nearby federal government establishments and other strategic and pertinent governing administration organizations, is scheduled to get started in the next quarter of following yr.
The Celtell Chairman explained it would offer reasonably priced Apple handheld equipment, laptops on subscription and flexible payment conditions to permit quite a few additional Ghanaians to have Apple products and spend in instalments.
“Beyond the Apple equipment, we will also distribute digital television sets that make entry to the internet at property uncomplicated – this 1 also arrives on a subscription basis,” he included.
He stated that just about every level of membership would occur with just one product or the other and the eyesight is to allow obtain to schooling, overall health, stability, organization and other pertinent supplies on the online in the consolation of residences, offices, faculty and more.
Celltel and its associates, which include Cisco, Hughes Corporation, Apple, and some regional broadband spectrum licensees are at present funding the set up of the nationwide Wi-Fi infrastructure and provision of affordab le clever products to prospects across the place.
Dr Kludjeson reported Celltel had previously created contacts with many establishments, which includes the Ghana Nationwide Association of Lecturers, to deliver KQ branded handheld good devices as very well as laptops and intelligent televisions on month-to-month membership basis.
He claimed the company has previously recruited many young Ghanaian pros who have been working with companions overseas to establish a trusted network and create custom-manufactured options for various types of subscribers.
“We are also at the ending phases of an assembling plant inside of the No cost Zones enclave at Tema to make certain regional assembling of very affordable units sooner than afterwards – this will deliver careers for various young Ghanaians,” he explained.
The Celltel Founder claimed the task would supply prospects for lots of various youthful business people who will be the most important brokers in the various districts and get to share in the prosperity that will be designed locally.
“We are heading to deliver all people else on board in the consortium so that we can empower everybody so that the 275 constituencies can be included and be funded by means of the off taker settlement,” he claimed.
Celltel Networks thinks in the government’s Electronic Ghana Agenda, characterised by paperless solutions at all government workplaces, digital deal with units, and numerous electronic providers this sort of as e-instruction, e-health, e-agriculture and numerous extra.
The Government of Ed and Co stated they ended up currently in talks with various financial institutions and Finance organisations who have expressed curiosity in underwriting subscriptions for future prospects.
“We are so delighted to be appointed as the transaction advisors of the ICT Company Celltel Network and hope that we all place our arms on deck we will test as substantially as probable and get this particular fund that is the $500 million for the task effectively structured,” he mentioned.
“We will make certain that this sensible town strategy of Celltel Business will come to fruition.”