Antigua welcomes the US $3 billion merger between Cable and Wireless Corporation and Columbus International but a regulatory framework must be in place first, Melford Nicholas, the island's Minister of Broadcasting, Telecommunications and Information Technology said yesterday. He said by next month the regulatory framework should be in place and the license to operate should be granted.
Nicholas confirmed that last November, representatives of CWC and Columbis met with government officials in Antigua to talk about the proposed merger.
"Basically, the pending merger does no violence at all to the development of our ICT space. As a consequence, it has our tacit' approval because Antigua is on the cusp of enacting new legislation governing telecommunication.I have indicated to them that while provisionally we have no difficulties with the merger, we are not going to be in a position to offer any new license, until we have completed the legislative and regulatory process."
Nicholas, who is attending the Caribbean Telecommunications Union's 25th Anniversary ICT Week at the Hyatt Regency in Port-of-Spain, expressed his support for one ICT space in the Caribbean.
"All of the participating carriers do enjoy certain benefits in terms of operating in that single economic space, and I think it is time that the consumers enjoy that as well. Obviously where there are issues of taxation and the services that the consumer consumes, those taxes would certainly be applicable in a local level.