A few are a targeting a larger mass market. Liquid Telecom, who purchased the assets of the defunct incumbent Rwanda Telecom, is spending US$35 million to deploy a fiber optic network in the capital that will pass more than 15,000 homes and provide speeds up to 100 Mbps.25 Bangladesh Telecommunication Company Limited (BTCL), the state-owned incumbent, has been upgrading its copper network to fiber optic through the Telecommunication Network Development Project which began in 2009. Rwanda: Liquid Telecom Launches Very Fast Internet in Kigali," October 27.