Colombia's IT and communications ministry (Mintic) has launched a nationwide fiber optic project with the main goal of providing broadband services to at least 700 municipalities across the country, the ministry said in a statement.
The project will be channeled through the country's social program Compartel. These 700 municipalities account for some 90% of the country's population, the ministry said.
Mintic also said that it expects to publish the bidding conditions of the broadband project in two weeks. Both local and international companies with experience in fiber optic infrastructure are entitled to participate in the process, the ministry said. The project is expected to be fully deployed in two years.
Mintic also said that it expects to select the winning company in July or August this year.
The total cost of the project is 415bn pesos (US$228mn). "This national broadband plan is the main pillar of the country's digital inclusion program 'Vive Digital,' whose main goal is to reach 8.8mn broadband connections," ICT minister Diego Molano said.