Log In

Reset Password

Survey to assess Island’s telecoms market

The Island's telecommunications sector is to be put under scrutiny in a survey that aims to discover if the market has become more or less competitive during the last few years.

It is the second market review of the industry. The first was conducted shortly after the Regulatory Authority of Bermuda (RAB) was set up in 2013. The Authority is the watchdog organisation that oversees the sector.

Shortly after the RAB was created it oversaw the arrival of integrated licences that allowed providers to offer multiple telecoms services, rather than be restricted to one.

That change resulted in a number of consolidations among telecommunication service providers and the introduction of bundled package deals for consumers.

The survey will “determine whether the rules safeguarding against abuse of significant market power currently in place remain effective and relevant”.

It is anticipated a report will be published in the second quarter of the 2016-2017 financial year.

In a statement, the RAB said it might modify existing or develop new safeguards to address market conditions.

“The recent shift in the market, precipitated primarily by the round of mergers and acquisitions makes this review timely and relevant,” said Kyle Masters, interim chief executive at the RAB.

“The market review will be an opportunity for the ICOL (Integrated Communications Operator Licence) holders and the regulator to reflect on the state of the market three years after liberalisation and answer the key question: Is the market more or less competitive as a result of liberalisation?”

Deloitte (Bermuda) has been selected to assist with the market review.

Market survey: Kyle Masters, interim chief executive of the Regulatory Authority of Bermuda

You must be Registered or to post comment or to vote.

Published January 27, 2016 at 12:51 pm (Updated January 27, 2016 at 12:51 pm)

Survey to assess Island’s telecoms market

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon