TSTT secures US$300mn for broadband rollout
Trinidad & Tobago's state-run telco TSTT has secured a 2bn-Trinidadian dollar (US$297mn) financing package to partially fund the company's 3.7bn-Trinidadian dollar broadband network rollout over the next two years, the Trinidad Express reported.
In August the company's board approved a five-year strategic plan that includes transforming its IP core, wired and wireless infrastructure, as well as its retail and customer service support systems in a move to become an agile broadband company.
TSTT will roll out an augmented Fiber-Centric Residential Solution that will pass more than 200,000 homes.
The company has said it aims to see a greater than 20% revenue growth over five years, predominantly in broadband, TSTT will also explore new lines of revenue such as mergers, acquisitions and joint ventures.
The transformation has already started and it has already seen significant improvements in network capacity and coverage, TSTT CEO Ronald Walcott was quoted as saying in August. Phase 2 involves optimizing spectrum for improved data speeds and coverage.
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News in: ICT (Trinidad and Tobago)
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