Just weeks after approving the US$3 billion acquisition of Columbus International by Cable and Wireless Communications (CWC), Phillip Paulwell, Jamaica's Minister of Science, Technology, Energy and Mining, has defended the decision.
Paulwell, who is in T&T attending the Caribbean Telecommunications Union's 25th Anniversary ICT Week at the Hyatt Regency, said in an address at the opening session yesterday that the Jamaican government put in conditions which will preserve competition on the island.
"We were able, notwithstanding our legal deficiency, to extract both from Lime and Flow some commitments...commitments that are going to ensure that our competitive landscape is maintained. For example, we are going to have number portability by the end of May, we will have core location agreements and because of these things we are seeing now, at least three new players.
"We believe that there is room for additional competition in Jamaica and we are encouraging that with the granting of new licenses," he said.
In mid-January, Jamaica became the first country in the region to approve the proposed acquisition which is also subject to regulatory approvals in T&T, Barbados, and the United States. No approval is needed from the regulatory agency for the Eastern Caribbean, the Eastern Caribbean Telecommunications Authority (Ectel), on behalf of Dominica, Grenada, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines.
Paulwell explained: "What I have sought to do is to go beyond the law and to extract certain conditions, which I'm pleased that the company has accepted fulsomely, because I wanted to ensure that we would preserve competition as much as possible and protect the interest of the consumer."
He said it is up to each country to assess their situation based on their respective laws, adding that the time has come to modify the telecomunications rules.
"I think it is much more appropriate now for us to introduce the framework that will monitor acquisitions and mergers.," he said.
In the feature address, Grenada's Prime Minister Dr Keith Mitchell called for one regional space for information, communication and technology (ICT), saying once that happened rates might not be as expensive.
"We have, sisters and brothers, to move from dialogue and talk to action. We need to become activists and people of action. It is time to move away from the age old question of who will lead and instead ask, who can we follow?" he said.
Mitchell said Caribbean nations can no longer act in isolation when it comes to developing ICT.