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Ghana’s Surfline receives $30 million cash boost

By , ITWeb
Ghana , 04 Nov 2014

Ghana’s Surfline receives $30 million cash boost

Wireless broadband and related services provider, Surfline Communications has been awarded $30 million to expand its long term evolution (LTE) network.

According to a press statement debt provider, Vantage Mezzanine made the contribution to enable the Ghanaian company to grow its product distribution and marketing network.

By deploying an LTE network in Ghana, Surfline is able to offer high-speed internet connectivity (up to 10 times faster than the average speeds) at rates that are competitive with existing internet service providers, adds the statement.

John Taylor Surfline’s executive chairman said, “Vantage provided us with growth capital in a shareholder-friendly structure that we required to expand the business by supplementing the existing financing in place.”

Yaw Keteku, associate partner at Vantage added, “Under John Taylor’s visionary leadership, Surfline has assembled a team of highly-skilled professionals and technical partners who have built a first class communication network to meet Ghana’s ever-growing data demand.

“We have developed a close working relationship with the Surfline team and we look forward to supporting the business as it grows.”

Surfline was the first to officially offer LTE network services in the West African nation.

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