Report says telecoms services too costly

15 Jun 2006

According to the Bahama Journal, a report from the Inter American Development Bank on the communications sector of the Bahamas has found that the high cost of telecoms services is eroding the competitiveness of businesses. The journal states that telecommunications costs form the highest or second highest expense in the operating budget of many companies. The report cites the need for a clear long term ICT policy, including reform to alleviate bottlenecks to potential growth and stagnation in the market place. The Bahamas currently has only one mobile network, operated by state-owned Bahamas Telecommunications Company (BTC). The privatisation of BTC has been on the cards for five years, with the first attempt at a sale ending unsuccessfully in 2003. In January 2006, Minister of State for Finance James Smith said that it ‘may go ahead in 2006.’

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