Telecoms liberalisation will further boost Guyana’s oil-induced skyrocketing GDP - Panorama Insurance Brokers

Telecoms liberalisation will further boost Guyana’s oil-induced skyrocketing GDP

As Guyana is poised to become one of the fastest growing economies in the world as a result of the massive oil discoveries made offshore, the move by the newly installed government to liberalise the country’s telecommunications sector after 30 years of monopoly, will see benefits going to people across the country.

“It is anticipated that Guyanese will feel an immediate positive impact from the implementation of these legislation, which create a modern and competitive environment for telecommunications, and which will immediately result in greater choices, better quality of service and lower prices for consumers, while at the same time ensuring that all operators continue to enjoy all benefits conferred under the old legislative regime,” Prime Minister Mark Phillips said, in making the announcement.

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