CTM to Invest Heavily in MacaoMacao Telecommunications Company (CTM) plans to invest more than 300 million patacas (US$37.5 million) in Macao this year, the company has announced.The investment will be mainly used to upgrade mobile phone service, broadband Internet service, wire phone service and a billing system, and develop new technology, according to David Kay, chief executive officer of CTM. CTM will also train its personnel, offering them courses on engineering, technology, supervision, marketing, computer and languages. Kay said his company is considering to raise the monthly fee of local family-use phones, citing that the charges on IDD and mobile phone calls, which had long balanced the losses made by household wire phones, have reduced in the past few years. Inaugurated in 1981, the CTM monopolizes all telephone services under agreement with the government in Macao. |
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