Vache Kirakosyan, the head of high tech and IT at Armeria’s Ministry of Economy has said the build out of a high speed broadband internet network in the country will start later this year. PanARMENIAN.Net quotes Kirakosyan as saying the state has allocated USD900,000 to prepare the groundwork for the project. According to the official, European IT and telecoms consultancy DeTeCon International has been approached to provide assistance on the plan. It is understood the new high speed network will comprise a mix of fibre-optic, WiMAX and satellite technologies. The deployment project will last between three and five years and cost around USD24 million.