In a move to increase competition in the region, a new mobile operator will soon be chosen to set up in Trinidad and Tobago, said Science and Technology Minister Dr Rupert Griffith.
The companies bidding for the new licence to provide mobile services are Cable and Wireless (Trinidad and Tobago), Columbus Communications Trinidad, Star Mobile Caribbean and Telesur.
“This is a sector that started off with one operator, a virtual monopoly, moved to a duopoly with two operators, and very soon citizens will see a third operator introduced, in a very methodical and transparent manner in order to deepen competition and yield to the consumer greater affordability, wide choice and faster speeds among a list of benefits,” Dr. Griffith recently announced.
Dr Rupert Griffith also said T&T had a very high percentage for mobile penetration and that the World Economic Forum Global IT report put T&T first amongst 150 countries for mobile network coverage.
The industry is performing well in the region with revenues up circa 12% over a year , which equates to approximately 3.4% of GDP at total revenues of $5.4 billion. From what Mr. Griffith has been saying it is clear that the government of T&T see ongoing investment and development in Science and Technology as vital to to the economic welfare of the country
Summary by John Mills
Images Credit: NAILS
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19 October 2014