Published On: Fri, Jan 18th, 2013

UTS invests in new sea cable

WILLEMSTAD – In the coming years telecommunication company UTS will invest 35 million guilders in laying a new sea cable. This new cable, the Pacific Caribbean Cable System (PCCS) is to connect Curaçao – via Aruba and Panama – with the United States. According to UTS-director Paul de Geus, this new sea cable will expand the broadband capacity of UTS. In due course the internet prices on the island will go down.

The PCCS-agreement was signed in December 2012. The sea cable will be 6000 kilometers long and run from Manta in Ecuador to Jacksonville, Florida (USA). With that the system also connects the islands of Tortola, Puerto Rico, Columbia (Cartagena), Panama (Maria Chiquita and Balboa), Aruba and Curaçao. The contract was signed late last year on Aruba by telecommunication companies: Cable & Wireless Communications, the Aruban Setar, Telconet, Telefónica Global Solutions and UTS from Curaçao. It is the intention that the cable be operational in 2014, said the UTS-director.

According to De Geus, the sea cable is part of a wide series of new investments by UTS in the coming years. The UTS-director mentioned an amount of 200 million guilders in total. This amount will be used to invest in the telecom-infrastructure, UTS’ local mobile and regular telephone network, and subscription channel TDS and the aforementioned sea cable. De Geus stated a partial loan with a consortium of local banks – led by the MCB – will be negotiated for the investments. 100 million guilders is involved with this loan. The own capital of UTS will be used for the rest of the investments, said De Geus.

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