Cable Bahamas claims URCA delays have cost USD8.3m in lost revenues

23 Oct 2012

Cable Bahamas has complained that delays in receiving approval for a tariff increase have cost the cableco BSD8.32 million (USD8.29 million) in potential revenues. The Tribune reports that Cable Bahamas applied to increase the price of its SuperBasic service by BSD8 per month in December 2011, but has been told by watchdog the Utilities Regulation Competition Authority (URCA) that it will take a further three months to consider the application, having recently completed public consultations. The cableco estimated that due to URCA’s 13-month delay in approving the decision, the total potential revenue lost to Cable Bahamas was around BSD8.32 million. David Burrows, Cable Bahamas’ head of marketing said that the costs for the operator had increased dramatically in the 18 years since its current price for SuperBasic was introduced, adding that programming costs alone had grown by 251%.

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