Hypolite joins RA as market analyst
Up and running for eight months now, Bermuda's Regulatory Authority has grown to five full-time staff.
Its newest recruit is young Bermudian Lene Hypolite, who joins the RA as a market analyst. Kyle Masters will be joining the RA as legal counsel in October.
Ms Hypolite is a recent intern with the Bermuda Monetary Authority and holds a Master's degree from Georgia State University.
Her role will be assisting with market research in the Telecoms industry as well as carrying out market analysis of the various telecoms markets.
She says she recently conducted research on the mobile phone market, finding that the two players' market share remains “very close to even”.
Ms Hypolite wants to encourage Island residents to give more feedback to the RA on various issues affecting Telecoms on the Island.
“Have your say,” she says. “We would like more responses from the public on the sector.”
The public can give feedback on various issues via the RA's website at www.rab.bm.
Ms Hypolite's advice for other young Bermudians trying to enter the competitive job market is: “Stay focused and have an open mind. But also know exactly what you want to do. Opportunities may come in different forms and they may not pay or be lucrative but can lead to better opportunities.”
RA CEO Philip Micallef said a major goal of the RA is to be transparent.
And he added: “It is important for young Bermudians that the RA gives them a chance to have strong input in the development of the industry.”
He urged the public to be patient and assured that pricing should become more competitive as the major players review cost structures and reform of the industry takes further hold.
“It can take a year or two,” he said. “We started late in Bermuda. but I think pricing will come down as happened after liberalisation took place in many other jurisdictions.”
He said that the RA is actively addressing other major issues to consumer including the inconvenience of locking of mobile phones, number portability, getting the internet speed you pay for, length of contracts and dropped calls.
He said contracts locking people in for three years is probably too long.
He further said the RA wants to have in place the tools to measure internet speed being offered to consumers to ensure it is within a certain amount of what is being paid for.