GTT, Gov’t sign non-binding agreement to liberalise telecoms sector

The Government and the Guyana Telephone and Telegraph Company (GTT) have signed a Memorandum of Understanding (MoU) regarding the Government’s planned liberalization of the telecommunications market.

A statement from GTT Wednesday noted that the MoU is non-binding and represents a “major step toward fully liberalizing Guyana’s telecommunications market.

“The parties have further agreed to continue discussions on all outstanding issues with the objective of reaching a binding agreement.”

GTT quoted Minister of Telecommunications, Catherine Hughes as saying that many years of delays, the Government has brought the country one step closer to achieving a fully open telecommunications market.

“While more work needs to be done, the Government is committed to continuing discussions and completing the process of liberalization for the citizens of Guyana,” Minister Hughes was quoted as saying.

Meanwhile, the company’s CEO Justin Nedd was quoted as saying, “GTT fully supports an open and transparent telecommunications market in Guyana and the opportunities it will provide for Guyana’s citizens and our customers.  We look forward to further discussions with the Government to reach an agreement on the issues that remain outstanding.”