Falling oil prices put the Government in a difficult situation, economist Dr Ronald Ramkissoon said yesterday. Commenting on the decision by OPEC not to reduce output, he said: "An oil economy must
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TATT gets six responses to RFP for third telecom player
Eight years since Digicel broke TSTT’s monopoly in T&T, the Telecommunications Authority of T&T (TATT) is ready to expand the market even more.
Already, TATT has received six proposals in response to its requests for proposals for a third mobile provider issued in 2013.
In an interview at its office at Eighth Avenue Extension, off Twelfth Street, Barataria, chief executive officer Cris Seecheran said a price war is possible if a third telecom provider enters T&T’s market. Comparing T&T with its Caricom counterparts in relation to price offered to customers for telecom services, he said that T&T was a little better.
Seecheran said if an international player responds to the RFP and fits all the criteria contained in it, the company would be invited to this market.
“A lower price is good for consumers, but sometimes it’s a dangerous game. If somebody comes into the market and goes too low, it could lead to distortions in the market. It (the market) can fall flat. We feel that there is still some way that price could go down. Of course, there is some limit which you can’t fall (the price), then there would be no return, in terms of the providers, whether existing or new, in terms of recouping their investment.