As the cost of communicating is one of the biggest expenditures for any individual or business, we are very happy to hear of any proposed changes that will help to make it lower. Additionally, if it will help to increase competition, even more so.
The Gleaner reports;
Government is pushing to have amendments to the Telecommunications Act established into law by weekend, enabling the Office of Utilities Regulation (OUR) to set interim wholesale and retail telecommunications rates.
“One of the implications, we believe, because we can’t prejudge what the OUR will do, is that we are going to see a massive decline in rates,” Minister of Science, Technology, Energy and Mining Phillip Paulwell told The Gleaner last night, shortly after the amendments were passed in the House of Representatives.
The Senate will consider the bill later this week and if passed, it will be sent to the governor general for his assent shortly thereafter.
Interconnectivity rates across LIME and Digicel are currently as high as $9. Sources close to the discussions say the OUR has proposed that the interim rates the networks pay each other be lowered to $5.