National company launched for high-speed Internet coverage

AMMAN — The Jordan Fibre Optics Company on Monday announced the start of its official operations with a capital of JD40 million after completing all licensing procedures.

The purpose of the company, the “first of its kind” in the region, is to provide new infrastructure by installing an over-ground fibre optic network in the service areas of the Jordan Electric Power Company (JEPCO), the Jordan News Agency, Petra, reported.

During a press conference to announce the launch, Telecommunication Regulatory Commission Chief Commissioner Ghazi Jbour highlighted the importance of licensing the company, which will contribute to increasing the reach of high-speed Internet services.

JEPCO Chairman Issam Bideir said that the company will build a fiber optic grid that can cover all JEPCO areas to provide advanced services. JEPCO owns 51 per cent of the fibre company and Umniah owns 49 per cent, Petra added.