The communications sector regulatory board in Bahamas, Utilities Regulation and Competition Authority which was recently formed has proposed that Cable Bahamas should spate their internet broadband services from its cable TV services. They also proposed that the BISX listed company which deals in cable TV and Bahamas Telecommunications Company which deals in fixed line voice services, should submit them for retail price regulation.
Utilities Regulation and Competition Authority has said they needed to come strong against the comfortable positions this both companies have in their respective markets in Bahamas and in these actions would benefit the consumers for good and will lead to better competition in the Bahamas.
Cable Bahamas had already shown the sign of let down in October 2009, where they had slashed the prices of their competitive products. Like their Autospeed package was reduced from $34.99 to $29.99 and their CruiseSpeed package from $54.99 to $39.99.
These two companies faced a very low risk of competition because they were the only companies who owned infrastructure of fiber optic cable and subsea telecoms which was need internet services in Bahamas. Hence any new company that wanted to enter into the same market had to develop their own infrastructure or lease it from these two companies.
Cable Bahamas submitted a survey to regulatory board in October 2009 saying that they just 40 percent share in Bahamas pay-TV market. But regulatory board pointed out that the survey was conducted before Cable Bahamas started offering digital market. According to them current market share scenario is much different to report submitted in October 2009 which did not include digital TV services.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment