Wednesday, March 24, 2010

New Jamaica-Cuba cable deal inked

Wednesday, 24 March 2010
New Jamaica-Cuba cable deal inked

Jamaican telco Cable & Wireless Jamaica (which operates under the LIME
brand), has confirmed that it is close to finalising a partnership deal
with Telecomunicaciones Gran Caribe (TGC), the Venezuelan/Cuban
conglomerate which holds a licence to build a USD70 million fibre-optic
link between Jamaica and Cuba. The licence granted to TGC in December
last year allows the company to install a submarine fibre-optic cable
link between Caracas (Venezuela), Havana, and Kingston. TGC was the sole
bidder for the concession, which includes a spur to Haiti, which lies
just west of the two countries.

TGC, which is 60% owned by Telecom Venezuela with the remainder held by
Cuba's Telco Transbit, also plans to run nearly 1,000 miles of cable
from Maiquetia, in northern Venezuela, to Siboney, in Cuba's eastern
province of Santiago de Cuba. The Cuba/Venezuela leg is expected to link
to Trinidad and Tobago and the Dutch territory of Curacao."

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