Guyanese Economist while seeing benefits, has concerns over LIME’s acquisition of FLOW
This was revealed by chairman of the Fair Trading Commission (FTC) Sir Neville Nicholls, who (says) the regulatory body was working on its final decision in the controversial request by Cable & Wireless, trading as LIME, and Columbus Communications which operates FLOW, to become the biggest telecommunications company in the region.
The two companies have combined revenues of US$2.40 billion (BDS$4.8 billion).
Amended Text from Weekend Nation
We hope Barbadians have been making their feelings known on the intention of CWC to subsume FLOW – any comments and suggestions have been welcomed by said same Fair Trading Commission, even a Caribbean expert expressed concern over the plan recently…
Nevertheless, the economist chose to answer our questions (unlike many local MP’s or Governors) and he said consumers may well benefit technologically (CLICK ON ON ICON FOR FULL AUDIO, SMARTPHONE OR TABLET USERS, CLICK ON Dr Khemraj‘s NAME FOR LINK TO AUDIO)
However, Dr Khemraj freely admitted as a consumer he’d be more concerned what are the results of conglomeration in relation to his purchasing power as it concerns value for money and the right to choose in a free market society (CLICK ON ON ICON FOR FULL AUDIO, SMARTPHONE OR TABLET USERS, CLICK ON Dr Khemraj‘s NAME FOR LINK TO AUDIO)