Bidders will have to pay at least US$40 million to get one of two new cable licences to be auctioned in Jamaica next month, according to an article in today’s edition of the Jamaica Observer, diametrically different from the opaque process of the Jagdeo administration that handed two licences to persons deemed to be close to the government.
Unlike what has occurred here with the allocation of cable frequencies in Guyana, the Government of Jamaica has outlined a process and has set the US$40M figure as the reserve price for the cheaper of the two 700-megahertz (MHz) band licences. The article said it
