Investment Announced in Telecommunications

Over the next two years, Cable & Wireless plans to invest $220 million in strengthening infrastructure for mobile telephony and switching over from copper to fiber optics.

Monday, June 19, 2017

The announcement was made by the president of Liberty Global, owner of Cable & Wireless since 2016.  

"... Mike Fries said in a press conference that the new investment will be made to reinforce the infrastructure of mobile telephony, switch from fixed copper to fiber optic networks, boost services for companies and for the government."

Laestrella.com.pa reports that "...He said that the high-speed fiber optic network will this year expand to the capitals of the provinces in the interior of the country and that what was previously paid, $35, for access to 7 megs, will now charged for 20 megs" and with time the base price will be $40 per 300 megs" because "the price has dropped dramatically."

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