The company will provide data transfer services in leased line mode using fiber optical links for a period of 10 years.
Nacion.com reports that "...The business model that the company described to the Sutel is to use the public telecommunications networks belonging to other operators, who already have proper authorization for the provision of services."
The state run telecommunications company has announced it will be investing $100 million in internet infrastructure to offer broadband and fiber optics services.
The general manager of the Honduran Telecommunications Company (Hondutel), Jesus Mejia, said in remarks published by Latribuna.hn that they will be investing approximately $100 million, about 2,200 million lempiras to increase supply in two market segments.
More companies are brining fiber optics to households in the greater metropolitan area of Guanacaste, promising profound changes in the market of fixed internet services.
Netsys is one of the companies which will start offering residential fiber optic services in the area of Rohrmoser, while Coopeguanacaste will be focusing on the central districts of Nicoya, Santa Cruz and Carrillo. Both companies promise lower prices than their competitors such as the state run telecom's company ICE, Tigo Star and Cabletica.
A proposal to develop an underground fiber optic network aims to differentiate the Panamanian capital from the rest of the region, making it a smart city.
An underground fiber optic network would make the capital city of Panama stand apart from the rest of Central America in terms of access to technology, efficiency and attraction of foreign investment, because of what that means in terms of interconnectivity for businesses and the economic growth of the country.
With an investment of $1.1 billion it will connect to Brazil, Colombia, the United States, Guatemala, Mexico, Puerto Rico and the Dominican Republic.
The company announced that it has completed the installation of a submarine fiber optic cable which guarantee services. This project will connect Brazil, Colombia, the USA, Guatemala, Mexico, Puerto Rico and the Dominican Republic.
Grupo ICE, composed of the Costa Rican Electricity Institute (ICE) and its subsidiaries Radiográfica Costarricense (RACSA) and Compañía Nacional de Fuerza y Luz (CNFL), joined the Chamber of Information and Communication Technologies of Costa Rica (CAMTIC) as a strategic partner since June 2009.