E-Networks lands fibre optic cable

Jan 30, 2020 News

There is a major development now for Guyana with news yesterday that cable television operator, E-Networks, has landed its own submarine fibre optic cable.
The cable will be used by the company to expand its array of services.

Minister of Finance, Winston Jordan, speaking with Managing Director or E-Networks, Vishok Persaud at the landing station, Kingston, yesterday.

According to the Ministry of Finance, Minister Winston Jordan was yesterday given a tour of E-Networks subsea cable landing station at Kingston, Georgetown.
The landing station houses E-Networks’ Xlink cable, a newly constructed submarine fibre optic cable that links Guyana to Barbados.
Commenting on the project, Minister Jordan said that he was particularly impressed that it was organised and successfully executed by a consortium of local investors. He added that he was encouraged by the evident confidence of the investors in assuming such a massive and capital-intensive undertaking that will provide considerable benefits for the development and modernising of the sector.
This, he noted, aligned with the Coalition Government’s encouragement of the private sector in advancing Guyana’s economic expansion beyond agriculture and mining.
The Finance Minister further said that the Xlink project exemplified the ideal investment model for Guyana, one in which local benefits, local content and indigenous ownership are guaranteed through the collaboration of Guyanese companies, Guyanese investors and local financial institutions, especially now that the economy is poised for transformation.
Minister Jordan congratulated the Managing Director of E-Networks, Vishok Persaud for the boldness of the investment, and expressed full support for the Xlink venture. He said that he was excited about the possibilities it had for universal connectivity and the realization of the digital economy promised during the Decade of Development, 2020 -2029.
Guyana has been looking for faster internet speeds with moves underway now to break the monopoly held by the Guyana Telephone and Telegraph Company (GTT).
Negotiations with GTT have been delayed for a couple of years now. with little word from the Coalition Government.
Digicel, one of the phone companies here, has been raising its objections to the sloth in liberalizing the sector.