ICT Africa Headline News

Broadbased Communications Showcases Fibre Optic Capacity to Banks

19 June, 2014

Source: This Day

Determined to spread the clusters of submarine cables from the sea shore to the hinterland, Broadbased Communications Limited has demonstrated its commitment to help banks and other financial institutions deliver excellent services to their customers through fibre optic capacities from submarine cables.

With its open access metro fibre network spread across Lagos, , the open access metropolitan fibre network operator, is providing a high capacity data network, a voice network as well as a security network for banks and e-Payment switching and processing companies.

In a presentation to the chief information officers and heads of information technology (IT) networks of banks and e-payment switching and processing companies in Lagos recently, the Chief Marketing Officer of Broadbased Communications Limited, Mr. Chidi Ibisi, noted that modern technology would continue to shape the way things are being done in every sector including the financial services sector.

According to him, with new developments, no bank can succeed without embracing modern technology. He said the company would offer the financial services sector the best connectivity solutions that would enhance their productivity and services.

On connectivity for banks, he said though some banks have been doing their business with one megabyte connection to each branch, that can no longer help them to meet the demands of today's modern banking. "Yes, one megabyte per second (1Mbps) has done the job, but in this era of modern banking, it cannot do much. Banks therefore, need a larger pipe of a minimum of 5Mbps," Ibisi said, adding that the company is glad to provide 10Mbps and more.

He explained that since everything is moving towards e-banking, broadbased provides the banks with a link on which they can have a single integrated data, and voice network covering all their branches and also linking them up to others within the ecosystem such ad to other banks or to other financial institutions.

"On that link, you also have your security network, so that important images will be transmitted from the branches and Automated Teller Machine (ATM) sites to your headquarters for review by your experts. Also, you can use that link for your TV distribution, dissemination of information, video conferencing. We are glad to work with you and we will be very glad to get some of your specific requirements and work out a deal for you," Ibisi said.

Displaying the map of the company's open access fibre optic cable network across Lagos, Ibisi said the company has fibre connectivity that covers Victoria Island, Lekki, Lagos Island, Ikoyi, Surulere, Mushin and Ikeja.

"On the other path, from third Mainland Bridge, we have Oworonshoki, Gbagada and there is a loop back to Ikeja. There is also a loop going to Apapa. But beyond these, we expand based on demand. We are always ready to deploy anywhere, what we need is just the request and we deploy." Ibisi said. Asked if the issue of fibre cuts would not affect the company's services, Ibisi said though fibre cut remained a major problem in Nigeria, the company is addressing the issue from several layers of infrastructure.

"From the technical point of view, we realised that the main issue associated with fibre cut is how easy it is to reach the cable. If the hoodlums can reach your cable, then there is a possibility you are going to have a cut. That is why we have invested in horizontal directional drilling (HDD) equipment, which enables us to lay our cables underground mechanically without manually digging up the streets," Ibisi said, adding, "We have also invested in scanning devices to electronically scan for cables and pipes buried underground in the streets before we start drilling and laying our fibre optic cables. We made that level of investment because we want to make sure we secure our cables."

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