In 2013, Rwanda signed a deal with South Korea’s largest telecoms provider KT Corp to roll out high-speed 4G LTE broadband network covering 95% of the country; linking more than 3,000km of fiber-optic cable with the connectivity to develop a service based economy and become a regional leader in information communication technology (ICT).
KT’s Rwanda subsidiary (KTRN) was handed around $140 million to inject into the joint venture and acquiring slightly less than 50% stake in the company.
The vision was to accelerate data market growth by deploying world-class last mile technologies (FOC, LTE) and to expand the business to neighboring countries, making Rwanda the regional hub.
And the mission is to drive the fixed-mobile broadband penetration in collaboration with retail partners (MNOs, ISPs) on top of world-class ICT infrastructure of nationwide FOC backbone and 4G LTE access, and therefore to contribute to the transformation of Rwanda into ICT Hub of Africa.
Fours years down the line, what has KTRN achieved?
Patrick Yoon, CEO for KTRN tells Taarifa’s Chief Editor, Magnus Mazimpaka, whether the investment was worth it, and the impact it has created.