Telconet S.A.

The project entails investing in Telconet’s and other related enterprises’ fixed assets in 2015, with an estimated cost of US$60 million. The objective of these investments is to increase the broadband capacity in the domestic market and international connections, expand value-added products, and develop special projects for government and private sector enterprises. The main components of the project include purchasing and laying fiber optic cables in Ecuador, investing in new submarine cable through the Pacific Cable Communications Systems consortium, purchasing electronic equipment, setting up support infrastructure (including new offices), investing in a fiber optic cable production plant, and investing in special projects with national and regional government agencies and the private sector.

Telconet (www.telconet.ec) is a telecommunications service provider in Ecuador; its services include fiber optic broadband, dedicated internet access, dedicated point-to-point data transmission, and value-added services such as data storage and processing (e.g. cloud computing).  Telconet is headquartered in Guayaquil and was established in 1995 as a company providing internet services and selling data transmission services.

With this loan, the IIC will be supporting telecommunications both within Ecuador and between Ecuador and other countries via a new international connection using the latest fiber optics technology. This will facilitate the expansion of productive sectors, trade, education, technology, and innovation.  This project will increase internet penetration in households, universities, and small, medium-sized, and large enterprises;  raise information transmission capacity; and provide access to more applications, information, and uses of information technology.