Gov't must ensure Liberty-Cable & Wireless deal does not affect competition - Paulwell
The Opposition Spokesman on Technology, Phillip Paulwell, says the government must ensure that the buyout of the parent company of Flow Jamaica, Cable & Wireless Communications Plc, does not affect competition in the Jamaican telecommunication market.
Cable & Wireless has been acquired by American, British-based telecommunications and television company Liberty Global Plc in a deal worth US$7.4 billion.
The acquisition, which was finalised earlier this week, came more than a year after Cable & Wireless bought Columbus Communications, which owned Flow.
Paulwell says that Cable & Wireless had agreed to certain commitments when the previous government sanctioned its deal to buy Flow.
He says it’s important that these commitments remain in place as they are aimed at boosting competition.
The former technology minister says the opposition welcomes the expansion of the telecoms market which it believes will benefit Jamaican consumers.