GEORGETOWN, Guyana — The government is confident that the proposed legislative and regulatory reforms for Guyana’s telecommunications sector will encourage competitiveness in the economy as has been proven in other countries in the Caribbean Community (CARICOM).
Head of the Presidential Secretariat Dr. Roger Luncheon told members of the press on Thursday that Cabinet has examined the impact of the monopoly that the Guyana Telephone and Telegraph (GT&T) company has held for over two decades including media reports that the company is concerned about the upcoming regulatory reforms.
It was reported in some sections of the media recently that officials at GT&T have expressed fears that impending new telecommunications legislation “would reward illegality and cause discrimination.”
The legislation has a two-fold objective of ending the monopoly, and identifying the current, technical, regulatory practices on the landline and mobile services, spectrum management, pricing and inter-connection.
GT&T’s monopoly on the telecommunications sector in Guyana has been in existence since it secured a licence in 1990 and towards the end of the 1980s the government took the decision to privatise telecommunications and advertised for investors.