Trinidad and Tobago
News

TSTT secures US$300mn for broadband rollout

Bnamericas

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.

Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.

News in: ICT (Trinidad and Tobago)

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: ICT

Get critical information about thousands of ICT projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: ICT

Get critical information about thousands of ICT companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Ferrostaal Chile S.A.C.
  • Comprehensive tailor-made solutions for the Industrial Plants, Maintenance, Transportation and Services sectors. Equipment and services for large mining and industry, solutions ...
  • Company: Telxius Telecom S.A.  (Telxius)
  • Telxius Telecom SA (Telxius), part of Telefónica's infrastructure division, established in 2012 as Telxius Telecom SAU, is a telecommunications infrastructure operator that offe...