Guyanese Cabinet Secretary Dr. Roger Luncheon has told a press conference in Georgetown that the legislative process to break the telecoms monopoly of Guyana Telephone & Telegraph is almost complete.
Luncheon said that the Cabinet will discuss the draft…
Guyanese Cabinet Secretary Dr. Roger Luncheon has told a press conference in Georgetown that the legislative process to break the telecoms monopoly of Guyana Telephone & Telegraph is almost complete.
Luncheon said that the Cabinet will discuss the draft bill for one week, before moving onto a process of public consultation that will close in October.
The minister anticipates that the whole process will be completed and ratified by Guyana’s Parliament by the end of the year.
GT&T has had a monopoly on the telecoms sector since it secured a licence in 1990.
Towards the end of the 1980s the government of Guyana took a decision to privatise the telecommunications sector and advertised for investors.
Atlantic Tele-Network responded and a deal was struck for the company to acquire 80% of the national telephone company, with the government retaining 20%. From this agreement came GT&T. The government now wants to encourage new entrants into the Guyanese telecoms market.
