LIME, operator of the newly installed submarine fibre optic East-West Cable System, and the Dominican Telecommunications Institute, has signed a contract under which LIME will serve as the telecommunications carrier services operator in the Dominican Republic.
The investment, which is valued at approximately US$4.6million, is considered an important step in creating a road map for the future expansion of the telecommunications services that will add a vital stimulus to the broadband market in that country, LIME said in a statement.
The contract was signed by LIME’s Chief Operating Officer David Crawford and Indotel’s Executive Director Joelle Exarhakos.
“LIME is developing a range of new fixed broadband services for customers which will require high quality capacity support,” Mr. Crawford said. “Installation of the East-West cable in the Dominican Republic is in response to the growing demand for bandwidth for high speed operators and commercial customers in the region.”
Mr. Exarhakos lauded LIME for demonstrating its confidence in the Dominican Republic by making this substantial investment and said that Indotel, the country’s telecommunications regulatory body, was wholeheartedly extending a formal welcome to the company.
LIME’s East-West cable increased capacity to meet the growing demand for faster Internet speeds and facilitates the expansion of Internet penetration in the Caribbean Region, particularly in the Dominican Republic. The undersea Cable System, which became operational in February, has tripled the available bandwidth in the Dominican Republic.