Lebanon to Create Nationwide Fiber Network
WASHINGTON August 6, 2010- Lebanon’s Telecom Minister has announced plans to install a new nationwide fiber network.
WASHINGTON August 6, 2010- Lebanon’s Telecom Minister has announced plans to install a new nationwide fiber network. The project will cost $60 million and will include the installation of 710km of new phone wires and 2,750 km of fiber.
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Minister Charbel Nahhas stated that by expanding the access to the internet the nation would be able to improve their economy. A World Bank study said that a 10 percent increase in penetration can generate a 1.35 percent increase in GDP.
Additionally tax revenue from the new network will be 140 billion Lebanese pounds ($93.32 million). “The tax revenue from the broadband service can cover the cost of the entire project in one year only,” Nahhas said.
The new network will consist of a number of smaller projects. One of projects will bring a network with 15Mps speeds to greater Beirut along with Tyre, Jounyeh and Byblos.