CNT to invest USD300m this year

11 Sep 2009

Ecuadorian state-run PTO Corporacion Nacional de Telecomunicaciones (CNT) plans to invest a total of USD300 million this year, and around USD900 million in the next three years to provide nationwide universal access to telecoms services, reports BNamericas quoting local press. Earmarked investment projects include expanding voice telephony, internet access and fibre-optic transmission infrastructure in all provinces, with a focus on rural areas, where the telco also plans to boost connectivity by using CDMA-450 technology. From the beginning of 2010 CNT aims to make available 50,000 new telephony lines and 5,000 internet ports in over 1,000 rural localities, telecoms minister Jorge Glas said, whilst it is following an overall plan to install 700,000 fixed lines during the period 2008-10, thereby increasing fixed line penetration from 13% to 18% of the population. Furthermore, CNT is considering installing a new fibre-optic backbone spanning 1,850km, according to the report.