According to the TeleGeography, TSTT, a majority state-owned telecoms provider, announced that that they will install an independent submarine fibre-optic cable to improve inter-island connectivity and broadband services between the twin islands of Trinidad and Tobago.
Additionally the company announced that the net profit has increased by 131% for the financial year ending 31 March 2012.
The company made TTD91.7 million (USD14.0 million), compared to the TTD39.6 million during the year 2010/2011.
Company’s Chairman Everald Snaggs stated that the profit was increased by 3.2% by reduction in operating costs, particularly staff costs.
TSTT also announced a 25% increase in customer growth.
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Subsea World News Staff , June 21, 2012; Image: Nexans