Telecommunications giant LIME has invested a whopping $100 million in the expansion and development of its fibre optic network across the island.
Over the next 18 months the company is expected to install an estimated 1 000 kilometres of fibre optics in over 70 per cent of households and businesses, stretching from the north-west of the island to the south-east.
Managing director Alex McDonald made the announcement yesterday during a Press conference at the company’s BET office complex in Wildey.
Noting that the fibre optic network installation started since 2007, but on a small scale, McDonald said the investment in the technology and renewed interest suggested the company was confident in the local economy.
“This step is the natural next step,” he said.
LIME investing $100m in fibre optic network
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