Telcom ministers meeting to discuss new price cap
Public utility ministers from the Organisation of Eastern Caribbean States (OECS) will meet in Grenada today, Wednesday, to discuss a report on a new price-cap plan for telecommunication services in member states.
General Manager of the St Lucia-based ECTEL, Embert Charles, told the Caribbean Media Corporation (CMC) that the new price cap has been submitted to the National Telecommunications Review Councils and would guide the regulation of fixed services offered by LIME Caribbean in the ECTEL member states.
"All member states are in line to benefit from the new price-cap plan include, some of which include the termination on access-deficit charges by LIME to interconnecting providers and the reduction in fixed to mobile rates over a period of three years," he said.
The meeting coincides with activities in observance of the 10th anniversary of ECTEL and the ministers will also consider the regulation of services through Voice over Internet Protocol (VoIP), the status of implementation of pilot projects on information communication and technology and universal service and the Draft Electronic Communications Bill.
The main purposes of ECTEL include the promotion of open entry, market liberalisation and competition in the telecommunications sector in the sub region, the facilitation of fair pricing, use of cost-based pricing methods, and the increased penetration of telecommunications services.