Published: Wednesday July 2, 2008
THE Barbados Consumers' Research Organisation Inc. welcomed the Fair Trading Commission's (FTC) rate freeze on local residential phone calls.
"We believe the decision they just took was one they should have taken three years ago when they gave Cable & Wireless the right to increase their domestic rate by seven per cent per annum, compounded," director-general of the organisation, Malcolm Gibbs-Taitt, said recently.
Last week the FTC announced a 17-month rate freeze on domestic residential calls from August.
This means that Cable & Wireless subscribers who have been paying, say, $39.44 (VAT inclusive) for a basic service since August 2007, won't have their tariff hiked.
The FTC also said it recognised that residential international direct dialling (IDD) rates were higher than business rates and it therefore ordered the company to reduce them by an initial 20 per cent on, or before August 1, with further annual five per cent reductions on or before March 31 each year up to 2011.
Gibbs-Taitt said his body "welcomed the latest moves" and speculated that the FTC "might have been a little embarrassed" at the level of Cable & Wireless' profits under the previous regime.
Source: Nation Newspapers
http://www.nationnews.com/story/357035194129273.php
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