Karib Cable recently announced that it will be developing an advanced telecommunications network within Barbados. The company is expecting to develop and operate a world-class fiber-optic network, which ensure faster broadband Internet access, in addition to supporting both cable television and fixed line telephone services. The company is one of the leading telecommunication providers in the Caribbean.

The new telecommunications network will bring in $65 million to the economy and help in the creation of 200 new jobs in the region.  

At present, Karib Cable operates across three countries and seven islands and essentially provides a variety of services to more than 50,000 regional customers. The company’s services portfolio has been designed to serve both corporate and residential Barbadian customers, which will now be delivered via a single cable. The single cable will be used to deliver Internet, cable television and fixed line telephony services to customers.

In a release, Wayne Kirton, CEO of Invest Barbados, said that, "Karib's leading edge fiber optic technology will provide a best-in-class infrastructure for all Barbadians. Moreover, the new network will enhance Barbados' reputation as being one of world's pre-eminent international business centers. By improving our telecommunications network, Barbados will improve its ability to attract, win, and sustain investment for Barbados.”

The company is expecting to generate more than 200 new jobs and provide an investment boost of $65 million Barbados dollars to the economy which in essence will help drive the government’s vision for a more economically secure and developed nation. The entire set up will be managed by Barbadian nationals that are well informed about the Barbados market, as well as other determining factors such as culture in the region and the people.

Invest Barbados (IB), which has been charged with the responsibility of bringing in of investments, is the economic development agency of the Government of Barbados.