Convergence Partners invests in CSquared, a pan-African wholesale broadband provider

Convergence Partners invests in CSquared, a pan-African wholesale broadband provider

Convergence Partners is pleased to announce that its Convergence Partners Communication Infrastructure Fund has concluded the investment in CSquared, a broadband infrastructure company. The investment of up to $100m is in partnership with Google, IFC and Mitsui & Co., Ltd. The funds will go into existing metro fibre networks in Uganda and Ghana and further accelerate the deployment of affordable, high-speed metro fibre throughout sub-Saharan Africa. 

The Convergence Partners Communications Infrastructure Fund aims to accelerate Africa into the knowledge economy through investing in broadband-enabling infrastructure and related services. As a pan-African fund its projects lead to enhanced returns while underpinning continental development.