GT&T’s Chief Executive Officer (CEO) Yog Mahadeo is predicting a challenging new year for the company with the looming introduction of new telecommunications legislation but says it is still planning to plug some US$18M into the sector.
Addressing the media at the company’s Brickdam headquarters yesterday, Mahadeo said that after studying the draft legislation, GT&T was left with numerous concerns which could create investor and consumer uncertainty if not addressed. He stated that the company was not afraid of competition but called for the rules to be fair and applied even-handedly. “In our opinion, the proposed law and regulations do not reflect an understanding of the challenges of Guyana and/or the telecommunication sector as a whole,” he said. “Would it not amount to a rewarding of illegality if a currently illegal operator is automatically granted a licence with the introduction of the new legislation?” he queried.
According to Mahadeo, it appears that the absence
