LIME plans five-year investment

The Caribbean unit of Cable & Wireless Communications, LIME, announced plans to invest USD600 million during the next five years to underwrite the delivery of new services and network upgrades.

Specific initiatives include the launching of a pay-TV service in Jamaica and Barbados by the end of 2010, and upgrading Internet access speeds to 8Mbps or higher, TeleGeography CommsUpdate reported. 

Jamaica will be cemented as hub of LIME’s regional operations, and 25 percent of the investment capital will be directed into the island, which is LIME’s most lucrative market.