A Nationwide Optical Fiber Cable Network Project has been signed between PowerChina and Hunan Sunwalk Group, according to Gwadar Pro on Friday.
Phase 1, Lot 1 of the said project will aim to improve Pakistan’s telecommunication infrastructure for better interconnection with its neighboring countries.
Talking to Gwadar Pro, business manager Sunwalk Group said that the company plans to spend several billion dollars on Pakistan’s Tier-2 and Tier-3 cities to establish telecom infrastructure and fiber industry.
The nation’s broadband adoption will be increased for the digital revolution, which will benefit not only the business-to-business sector but also the government, enterprise firms, and end consumers, the official added.
Previously, Sunwalk Group CEO Pakistan, Lan held a meeting with Federal Minister of IT and Telecom, Syed Amin ul Haque. Lan informed the Minister regarding investment plans for establishing a statewide optical fiber network and facilitating the growth of broadband in Pakistan.
He stated that his organization is prepared to invest approximately $2 billion over the next 8 to 10 years.