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Romtelecom, Cosmote to provide internet access to remote areas under EUR 83mn project.

August 11, 2014

Incumbent telecom operator Romtelecom and its mobile unit Cosmote – both controlled by Greek OTE and thus by Deutsche Telekom, will develop a broadband internet access network for 783 remote villages under the RoNet project that costs RON 365.8mn [EUR 83.1mn] and is funded from EU budget – Ziarul Financiar daily reported.

The telecom operators were picked up by the ministry for IT society, which operates the project. The ministry organised auctions for 783 villages grouped in seven areas. Romtelecom won the auctions for four of them, with the rest of three being won by Cosmote. Under the contract, the government will sign concession agreements with the winning companies for a period of 18 years. After the 18-year period, the network will remain in public property and will be made available to interested broadband internet suppliers.


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Source: IntelliNews - Weekly Reports

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