There has been a 61% increase in the telecommunication sector since it was liberalised, Prime Minister Mark Phillips told the National Assembly on Friday, adding that Guyana now has three submarine fibre optic cables with the latest expected to become operational this year.
While making his contribution to the budget debate, Phillips reminded that the liberalisation of the telecommunications sector in October 2020, shortly after his government assumed office, marked a significant achievement for the government and the country.
He explained that it fostered “a competitive environment to benefit consumers” with new licences being issued to existing operators, breaking the monopoly on fixed-line services and international gateways. “The sector has seen substantial growth in fixed internet subscribers…,” he stressed.