Business
Jamaica amends Telecoms Act: Call rates expected to plunge
Wednesday, May 2, 2012
The parliament of Jamaica yesterday sanctioned amendments to the 11-year-old Telecoms Act, signalling the end to any possibility of monopoly in the telecoms market and paving the way for “a massive decline in rates locally and internationally”, according to Technology Minister Phillip Paulwell.
“The introduction of this amended legislation is good news for consumers and will start to bring the country closer in line with other markets globally,” a news release from LIME quoted Garry Sinclair, managing director for LIME Jamaica and Cayman.
The applause in the House reverberated in the corporate headquarters of telecoms giant LIME which has been advocating an amendment to the Act in a long-running feud with arch-rival Digicel.
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