St Vincent holds public consultation on CWC, FLOW merger
Authorities in St Vincent and the Grenadines are seeking to ensure that the merger between British telecommunications giant, Cable and Wireless Communication and Columbus Communication will not seriously affect local customers.
Permanent Secretary in the Ministry of Foreign Trade, Commerce and Information Technology, Nathaniel Williams, said that while Jamaica has given the green light to the planned merger, individual countries in the region continue to assess the implications of thee multibillion-dollar deal.
Williams was speaking on the state-owned NBC radio ahead of a planned national consultation on the merger.
Williams told listeners that individual governments will agree whether or not it is in the interest of each state for there to be a merger.
He said that while a merger would have positive and negative aspects for the consumers, as well as employees, a monopoly could mean increases in prices, among other things.