LIME investing $100m in fibre optic network

Telecommunications giant LIME has invested a whopping $100 million in the expansion and development of its fibre optic network across the island.
Over the next 18 months the company is expected to install an estimated 1 000 kilometres of fibre optics in over 70 per cent of households and businesses, stretching from the north-west of the island to the south-east.
Managing director Alex McDonald made the announcement yesterday during a Press conference at the company’s BET office complex in Wildey.
Noting that the fibre optic network installation started since 2007, but on a small scale, McDonald said the investment in the technology and renewed interest suggested the company was confident in the local economy.
“This step is the natural next step,” he said.