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Pentacom starts $250 million project

Pentacom has announced a pilot project to build a broadband hybrid fiber-coaxial network in the Moscow region. The network will support Internet, telephony, and cable TV services. The pilot project is scheduled for completion in the first half of 2002 and calls for the connection of about 50,000 apartments in the city of Mytischi. Pentacom was founded by the Dutch company Russia Broadband Communications last spring Within the next five years, Pentacom plans to expand the network to 27 cities in the Moscow region and connect about 1 million apartments. Pentacom customers will be offered a number of tariff plans, depending on the number of TV channels and the speed of Internet connection chosen. For example, a 1 Mbps connection will cost 500 roubles (about $17.5) a month. According to Pentacom general director Kenneth Rogers, the five-year project is valued at $250 million. Pentacom's principal investor is the Russian-American investment foundation Delta Capital, which majority owns Russia Broadband Communications.

 

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