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Jersey To Invest In Super-Fast Broadband,
by Jason Gorringe, Tax-News.com, London
Thursday, December 15, 2011
Jersey's Treasury Minister, Phillip Ozouf, has proposed plans to provide funding
worth GBP19m (USD30m) to Jersey Telecom to upgrade the island's Internet infrastructure with fibre optic technology to facilitate 1 gigabyte
broadband speeds for island businesses.
The proposal follows advice received by the government from the States Economic Adviser which indicates
that an island-wide network of super-fast broadband speeds would offer
wide-ranging socio-economic benefits for Jersey.
“Now that we are on target for balanced budgets by 2013, we can invest
in economic growth without incurring debt," Ozouf said. "This investment is key to attracting
new businesses at a time when job creation is one of the most important tasks
facing ministers. It will put us at the forefront of the rapidly evolving technological
race into the future and help to create jobs and get our economy moving.”
"The roll out of super fast broadband across the island supports
our plan for economic recovery," he added. "Fibre optic technology provides a gateway to
a global online marketplace which will enable Jersey businesses to compete effectively.
The marginal investment needed to move from the old copper wiring to 100% fibre
optics for the whole population will put Jersey into a world beating position. We need to boost the economy and create an environment where new businesses
can thrive. To do this we must stimulate innovation and fibre optic technology
provides an environment that’s ripe for new enterprises.”
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