THE GREEK GOVERNMENT has decided that it would be a wizard wheeze to invest in a new fibre optic network that will drastically upgrade the country's broadband and cable television capabilities.
Minister George Alogoskoufis told a news conference that the government needed to invest in a modern fibre optic network that will change the daily life of Greek citizens.
It will cost €2.1 billion and take seven years to build the network. Once it is done, it will provide high-definition TV, video telephony, quicker Internet connections and other high-bandwidth services.
The network will be developed through a public-private partnership and is eligible for funding from the European Investment Bank.
Alogoskoufis said that an international tender for the network will be issued in the second half of 2009. It will involve the construction, maintenance and operation of a dark fibre network for 30 years.
Greece has fallen behind the rest of the world with its development of the internet. The problem is that many people simply do not want high-speed access. ISPs have had to slash subscription prices and improve connections just to get 12 per cent of the population online. µ
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