Helping a society to better leverage technology with NTRC’s Director—Apollo Knights
In virtually all countries where the telecommunications sector has been liberalised, there is also a regulator. Depending on the size and maturity of the sector, and the extent to which market forces are driving competition, the regulator may have very little to do, but is there as a safeguard – just in case.
Due to the small customer base and/or small number of telecoms service providers in the market, very few Caribbean countries, if any, experience perfect competition, which is “the situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers”. Hence there tends to be limited opportunity or scope for Caribbean regulators who can forbear from active oversight and/or intervention of certain aspects of sector for which they are responsible. Read More