A policy liberalising the telecommunications sector in the Bahamas took effect Tuesday, allowing new players to enter the market for the first time.
No new companies have publicly announced plans to set up operations in the country, but with the policy in place the monopoly on mobile phone service held by the Bahamas Telecommunications Company can now be disrupted, according to the Caribbean Media Corporation.
“Bahamians would for the first time have competition, and competition breeds greater levels of efficiency,” Bahamas Prime Minister Perry Christie said.
Liberalisation is expected to bring in additional investment into the sector, improving service that has had “some real tragic occurrences recently with the breakdown of the system and dropped calls,” Mr. Christie added.
Marlon Johnson, BTC’s vice president of marketing, said the company is prepared to compete, despite losing its monopoly.
See the April 3, 2014 edition for full coverage.
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