Wasantha Kumarasiri, managing director of Papua New Guinea’s Independent Public Business Corporation (IPBC), a statutory corporation that holds a number of government-owned enterprises, has said that PGK123 million (USD47.7 million) has been spent on upgrading the country’s fixed line incumbent to make it more competitive. According to local news source The National, Kumarasiri was cited as saying that the investment had been made in state-owned Telicom PNG, noting: ‘The company is upgrading its antiquated equipment to deliver a more reliable service for its customers.’ Further, the executive noted that access to wireless communication solutions and high speed broadband were also being improved as a result of the deployment of a new fibre optic network valued at PGK71 million.
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