French telecommunications company Alcatel Lucent has reportedly been awarded a $58-million contract to install a high-speed underwater broadband cable between Benghazi and Tripoli.
Libya Herald reports that the undersea cable will run from Tripoli to Benghazi with two additional onshore ‘terminals’ in Ajdabiya and Misrata, giving a broadband capacity of "up to ten terabytes" (sic).
The joint project between Alcatel Lucent and the Libyan International Telecom Company (LITC) should be completed in the next 16 months.
Finalising the deal has taken a year, during which the French company had seen off competition from Chinese, Japanese and American companies.
(Source: Libya Herald)
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