(Jamaica Observer) The Organisation of Caribbean Utility Regulators (OOCUR) suggests there is a prospect of market failure arising from the acquisition of mobile telephone operator Claro Jamaica by rival Digicel Group and has called on regional governments to closely monitor the situation in the interest of consumers and the economies in general.
“The view that there is a real prospect of market failure and the re-emergence of monopolies in the provision of telecommunications services has to be closely monitored, as the implications for the smaller markets, in particular, could be disastrous where the gains that have been made through the introduction of competition could be quickly eroded,” said the executive council of the OOCUR.
In a release, the council said it met in Barbados on Monday and made the observations against the background of the proposed merger “and the possible
