CTM signs memorandum with Angola Cables

Local telecom company CTM has signed a memorandum of understanding with telecommunications multinational Angola Cables in order to increase business opportunities between Macau, mainland China, Lusophone African countries and Brazil.

Macau and neighboring Greater Bay Area regions have the conditions and opportunities to be the international cable terminal and the ideal location for hosting data centers and promoting the region’s digital ecosystem, CTM said in a statement.

The partnership, signed in December, aims to set the terms, promote strategies and opportunities to link the Guangdong-Hong Kong-Macau Greater Bay Area to Africa and the Americas, in particular to Portuguese-speaking countries on both continents.

According to CTM Chairman Vandy Poon, the partnership reflects the company’s position to actively participate in fulfilling Macau’s role in the GBA and China’s “One Belt, One Road” initiative.

“CTM believes that the increasing level of integration in the GBA, Macau will play a significant role in promoting trade cooperation between Chinese companies and Portuguese-speaking African countries and the Americas (Brazil)’ and in the ‘joint exploration of new investment opportunities, business and markets,’ he said, according to the same statement.

The head of Angola Cables, António Nunes, noted that ‘cooperation between the parties can be’ fundamental to ‘bridge the gap between the continent and the rest of the world’.

‘Expanding connectivity across the southern hemisphere has the potential to unlock many advantages and benefits of secure digital access,’ from promoting foreign trade to robust economic development, he said.

According to the same CTM note, Angola Cables has a ‘high availability and good quality’ underwater cable network that links continents in the Atlantic region, has data centers in Angola and Brazil and is promoting the South Atlantic region as a digital hub