4 trends in Caribbean telecoms/ICT regulatory reform

Earlier this month, the International Telecommunications Union (ITU) published its latest Trends in Telecommunications Reform, which highlights key telecoms/ICT developments worldwide and their impact on regulation. Below four trends, from the six presented, are highlighted.
1. Fostering competition has become more critical

Traditionally, although having competition in a market was considered the ideal and most desired result, the premise for having regulation was to mimic it where competition was absent. However, in market segment where there was no competition, and regulation successfully governed, generally there was little impetus to be aggressive in securing new players and moving to a competitive environment.

However, and technology and telecoms/ICT-related services become even more sophisticated – where a wide variety of business models can be adopted – regulation is becoming less proficient in managing the current ecosystem. As a result, there has been a growing trend among regulators to adopt measures that promote competition and consumer choice. more