GOVERNMENT LENDS $115 MILLION FROM CHI­NA EXIM BANK

Times of Suriname - - ENGELS -

The Su­ri­na­me­se government re­por­ted­ly wants to lend $115 million from the Chi­ne­se Ex­port and Im­port Bank for the Te­le­com­mu­ni­ca­ti­on Com­pa­ny Su­ri­na­me (Te­les­ur). Gard­eli­to Hew A Kee, chair­man of the board at Te­les­ur, told Ti­mes of Su­ri­na­me that the mo­ney will be spent on up­gra­ding the com­pa­ny’s broad­band in­ter­net so that it can of­fer fas­ter in­ter­net ser­vi­ces. Hew A Kee un­der­li­ned that the government will ask for the lo­an and not the com­pa­ny. He de­scri­bed it as a government to government lo­an which must be paid back within 20 ye­ars. He ex­plai­ned that the mi­nis­ter of Fi­nan­ce would ask for the lo­an and that Te­les­ur will then lend the mo­ney from the Mi­ni­stry of Fi­nan­ce. He ma­de it clear that the com­pa­ny will not be put up as col­la­te­ral for this lo­an. “The in­vest­ment in broad­band is ne­ces­sa­ry. The com­pa­ny has not ma­de the ne­ces­sa­ry in­vest­ments in its te­lep­ho­ne net­work du­ring the past cou­ple of ye­ars. As a re­sult of that the net­work cur­rent­ly has ma­ny pro­blems.” Te­les­ur re­cent­ly sig­ned a part­ner­ship agree­ment with Chi­ne­se te­le­com gi­ant Hua­wei in or­der to up­gra­de and ex­pand its broad­band net­work. It is ex­pec­ted that the com­pa­ny will be ab­le to of­fer at least 10 MB af­ter the up­gra­de. Te­les­ur re­cent­ly took the first step to­wards exe­cu­ting its Na­ti­o­nal Broad­band Plan by sig­ning a joint ven­tu­re agree­ment with the Ener­gy Com­pa­ny Su­ri­na­me (EBS). As part of the joint ven­tu­re Te­les­ur will use the uti­li­ty po­les of the EBS to in­stall its fi­ber­glass ca­bles. The fi­ber net­work will ena­ble the com­pa­ny to pro­vi­de mo­re broad­band to hou­se­holds and com­pa­nies. Te­les­ur is cur­rent­ly bu­sy with a pi­lot pro­ject at Doek­hie Pro­ject. Af­ter the in­stal­la­ti­on of the new broad­band net­work, the com­pa­ny me­a­su­red speeds of about 40 MB at the Doek­hie Pro­ject. The com­pa­ny laun­ched the pi­lot pro­ject two months ago.

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