TCI to Invest $904m in Fiber Optic Network

Major landline service provider Telecommunication Company of Iran is planning to invest 38 trillion rials ($904.760 million) in the expansion of its Fiber to the X (FTTX) network during the current fiscal which started in March.
Head of the company Majid Sadri disclosed to the public the news about the investment on May 22 when members of the Majlis Industries and Mines Commission paid a visit to TCI’s operations center.
The project will enhance public access to communications and increase the average Internet speed, the firm’s public relations office reported.
Sadri said the company hopes to increase FTTX subscribers up to two million users by the year end.