The European Union’s Global Gateway Strategy to Expand Mobile Broadband Connectivity
Connecting Emerging Markets to the Digital Age
The European Union’s Global Gateway strategy is set to significantly enhance mobile broadband connectivity in Madagascar and Tanzania, two of Africa’s most populous countries. The initiative, backed by a €100 million financing package from the European Investment Bank, aims to double 4G coverage and roll out 5G services in the region.
The European Investment Bank has partnered with AXIAN Telecom to provide mobile broadband infrastructure to over 44 million customers in Madagascar and Tanzania. The partnership will boost the expansion of mobile broadband infrastructure throughout the region, enlarge the existing 4G network, and facilitate the progressive integration of 5G technologies.
A Key Element of the EU’s Digital4Development Initiative
The Global Gateway initiative is a key element of the EU’s Digital4Development (D4D) project, which aims to support sustainable development and create new economic opportunities, especially for the youth. The project has secured support from EU Ambassadors in both countries and is positioned as a crucial component of the EU’s Digital4Development initiative.
- Boosting 4G coverage to double the existing network
- Rolling out 5G services to enhance digital inclusion
- Supporting sustainable development and creating new economic opportunities
- Reducing telecom disparities in emerging markets
A Partnership for Sustainable Development
The partnership between the European Investment Bank and AXIAN Telecom is a testament to the EU’s commitment to supporting sustainable development and community empowerment via affordable high-speed communication access. The funding package will support AXIAN Telecom’s efforts to drive socio-economic growth, digital inclusion, and broader opportunities in the region.
“This new financial injection will not only expand mobile infrastructure in the two countries, but it will also benefit millions by driving socio-economic growth, digital inclusion, and broader opportunities.” – Mr. Hassan Jaber, CEO of AXIAN Telecom
A Global Gateway Investment Package
The European Union’s Global Gateway strategy aims to mobilize up to €300 billion in public and private investments from 2021 to 2027, creating essential links rather than dependencies, and closing the global investment gap. The EU-Africa Global Gateway investment package consists of €150 billion in investments to help accelerate Africa’s digital and green transition.
| Investment Focus | Amount (€) |
|---|---|
| Digital and green transition | 150,000,000,000 |
A Pan-African Powerhouse
AXIAN Telecom is a leading pan-African telecommunications service provider operating in nine markets across Africa. The company’s subsidiaries and affiliates serve over 44 million customers and operate across three key business segments: mobile and fixed networks, digital infrastructure, and mobile financial services.
- Unified mobile network operators in Madagascar, Comoros, Senegal, Togo, and Tanzania under a single brand, Yas
- Fintech operations in Tanzania, Togo, and Senegal branded as Mixx by Yas
- A strong, unified pan-African business under one brand
A Promising Partnership
The partnership between the European Investment Bank and AXIAN Telecom is a promising one, with both parties committed to creating an inclusive and resilient digital ecosystem that will catalyse growth, especially among the continent’s young, dynamic populations.
“This investment is a testament to the EU’s commitment to supporting sustainable development and community empowerment via affordable high-speed communication access.”
– European Investment Bank Vice-President Ambroise Fayolle
Background Information
About EIB Global
The European Investment Bank (EIB) is the long-term lending institution of the European Union, owned by its Member States. EIB Global is the EIB Group’s specialized arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway.
- Financing investments that contribute to EU policy objectives
- Supporting €100 billion of investment by the end of 2027
About Global Gateway
The Global Gateway strategy is the EU’s positive offer to reduce the worldwide investment disparity and boost smart, clean, and secure connections in digital, energy, and transport sectors, and to strengthen health, education, and research systems.
- Mobilizing up to €300 billion in public and private investments from 2021 to 2027
- Closing the global investment gap
About AXIAN Telecom
AXIAN Telecom is a pan-African telecommunications service provider operating in nine markets across Africa.
news is a contributor at Soozo. We are committed to providing well-researched, accurate, and valuable content to our readers.
