Companies

Widespread Internet Outage in Africa Due to Undersea Cable Failures

Published March 16, 2024

In a significant disruption to digital connectivity, numerous countries throughout Africa faced a substantial internet outage on Thursday. Reports from network operators and internet monitoring organizations indicate that this was due to failures in several undersea telecommunications cables. The impact was widespread, affecting a dozen nations across the continent, and it raised concerns about the robustness of the telecommunications infrastructure.

The Role of Undersea Cables

Undersea cables are the backbone of international internet connectivity, carrying the vast majority of data traffic between continents. These submerged fiber-optic cables are essential for the efficient functioning of global communications, internet services, and economic transactions. The reported failures underscore the vulnerability of this critical infrastructure to physical damage and disruptions.

Impact on Stock Markets

The internet outage had potential ramifications for several companies listed on stock exchanges. For instance, CloudFlare, Inc. NET operates an expansive cloud platform providing network services globally, with a considerable presence in Africa. The San Francisco-headquartered company might experience shifts in stock value due to these disruptions. Similarly, Vodafone Group Plc VODAF and MTN Group Limited MTNOF, both with significant interests in African telecommunications, could see an impact on their operations and investor sentiment as a result of the widespread internet outage.

internet, outage, Africa