GuernseyFinance last week announced that it welcomes plans unveiled by Cable & Wireless to develop a state of the art telecommunications infrastructure that will ensure the island benefits from the latest technology and services in the future.
The company has announced details of a £6.5 million project to install two new fibre optic links connecting the island to Cable and Wireless's global network.
The plans were unveiled on Thursday in a special presentation by Cable & Wireless deputy chairman Lord Robertson. In an address to local politicians and business leaders, the former UK cabinet minister and secretary general of NATO said it would put the island on a par with major cities and leading international financial centres across the world.
"Guernsey will become a world-class telecommunications hub, with secure, high performance global connections that are capable of supporting the highest quality services. As well as providing for the future needs of islanders and businesses, it will attract new investment and much-needed diversification, as companies look to locate operations here and take advantage of the island's world-class links," explained Lord Robertson.
GuernseyFinance chief executive Peter Niven commented that:
"Local finance businesses will also be able to harness the benefits of the very latest innovations and services, which will be a clear boost to doing business in the island. It is yet another reason why business should relocate to Guernsey."
The new connections will give the island's financial services and business sectors direct access to the global Cable & Wireless's telecommunications network, which already links many major cities and international financial centres across the world. These include London, Hong Kong, New York, Sydney, Tokyo and Paris.
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