05 Aug Fiber Optics Growth in the Caribbean
Trinidad and Tobago is one of the wealthiest and most developed nations in the Caribbean. It has a reputation for being an excellent investment location with one of the highest growing per capita incomes in all of Latin America, so it is no wonder that Trinidad and Tobago is also experiencing a fiber optic boom.
The Mahogany Fiber to the Home Project, operated by blink | bmobile, aims to now make Trinidad and Tobago the best-connected country in the area. By laying fiber optic cables, Trinidad and Tobago businesses and residents will now have reliable access to high-speed Internet, which should further increase the country’s potential for investments.
“Internationally, broadband access is one of the key factors for gauging national competitiveness, social advancement, innovation and development,” Acting CEO of Telecommunications Services of Trinidad and Tobago Limited George Hill said on Trinidad and Tobago’s NewsDay.
Currently, Trinidad and Tobago is ranked 71st out of 192 countries in regards to broadband speeds. By the end of the year, predictions show that 44 percent of all homes globally will have broadband; Trinidad and Tobago is looking to exceed those expectations and increase its global ranking.
“Trinidad and Tobago is well above global average at 55 percent. These projects have the goal of achieving 95 percent coverage of the country,” Hill said. “This nationwide project will initially see an investment of more than $15million to bring fiber optics to thousands more homes.”
The United States currently ranks 24th globally on Ookla’s rolling Net Index. As more and more countries invest in fiber optics, the United States will have to follow suit. For investors and urban planners interested in develop the United States’ fiber optic landscape, GeoTel Communications’ fiber optic network maps and broadband maps can be used to analyze existing infrastructure and build out fiber optic networks. If you are interested in obtaining telecom GIS data sets for a particular city or metro area, contact GeoTel Communications at (800) 277-2172.