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Not too long ago, a high-speed internet connection in Rwanda cost
close to $1,000 per month. A whopping 22 customers could afford to
buy this service from the national telco - RwandaTel. Then, Terracom
arrived.
Terracom started laying fiber throughout Rwanda, bought RwandaTel for
$20m and dropped the price for a combination high-speed internet
connection and phone line down to $80 per month. Greg Wyler - the
American entrepreneur cum do-gooder behind Terracom - sees affordable
internet service as a key step to establishing Rwanda as an African
IT hub. And that may well mark the first time Rwanda and IT hub have
appeared in the same sentence.
http://www.theregister.co.uk/2006/02/23/rwanda_terracom/
- --
Hari Kurup
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