Plans to extend and improve broadband Internet coverage are set to be boosted by the state-owned Banco Nacional.
Government authorities say they intend to set up a US$500,000 trust fund to improve the nation's telecommunications, above all broadband coverage.
The trust would be managed by Banco Nacional and funded by bonds issued on the nation's stock market – a model that has been used frequently in the past to raise money for projects in the public interest.
Teledata Networks, a leading global provider of innovative Multiservice Access solutions for NGN (Next Generation Networks), has been awarded a $12.5M project from ICE, Costa Rica’s National Electricity and Telecommunications company. The contract covers the supply of BroadAccess multiservice access systems supporting a variety of services, from TDM to IP.
The system’s wide range of network technologies saves the operator costly infrastructure, as it essentially comprises several systems in one. The systems will be installed all over Costa Rica, and will deliver services to both business and residential areas.