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Business News of Thursday, 12 June 2003

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US Envoy Signs USTDA Grant to Capital Telecom

The U.S. Embassy is pleased to announce that U.S. Ambassador Mary Carlin Yates, on behalf of the United States Trade Development Agency (USTDA), has signed a $275,000 grant agreement with Capital Telecom Ltd. of Ghana.

The grant will support a Feasibility Study/Pilot Project to test the viability of new technologies in providing low-cost wireless service in a rural environment. The project aims to demonstrate how next generation technology can reduce the cost of an international call originating in Ghana to one-tenth its present cost.

Warren Development Corporation of Los Angeles, California will carry out the test project for Capital Telecom Limited in Mpraeso, Akatsi and the outskirts of Accra and plans to have 50,000 subscribers by the end of 2005.