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| | Barbados: Cable & Wireless Monopoly Will End In 2002, Lisa Ugur, Tax-news.com, London |
 | | Speaking to the House of Assembly, Barbados Prime Minister Owen Arthur said that the prevailing telecommunications monopoly structure was 'incapable of adequately satisfying the demand for increased delivery of telecommunications services.' The government has thus agreed in principle on a new telecommunications reform policy, a green paper on which will shortly be presented to Parliament. |
 | | Under the new telecommunications policy, the monopoly agreement with CandW will come to an end in 2002 instead of 2011, with full liberalisation to be phased in from December 1 this year. |
 | | Trevor Clarke, CEO of CandW Bartel and CandW's regional director for Barbados and the Eastern Caribbean, said that there would be no claim for financial recompense. |
| www.offshore-e-com.com /asp/story/story.asp?storyname=1301 (433 words) |
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