The Fair Trading Commission has issued its Decision on
the new Price Cap Plan 2008 (PCP2008) which will govern how the rates for the regulated
telecommunications services of Cable & Wireless (Barbados) Limited will be
determined. This Decision will take
effect from August 1, 2008 to March 31, 2012.
The Commission
has made several determinations including that for Residential Access where there will be a rate freeze from August 1,
2008 until December 31, 2009. This means that prices for residential line
rental will continue to be billed at the August 2007 rate. From January 1, 2010
the Company will be allowed once in any twelve month period to adjust rates in
line with inflation up to a maximum of 4.5%.
Residential
International Direct Dialing (IDD) and other International telephone services will not be subject to the price cap index. However the Company will not be allowed to increase
prices for these services beyond their levels at October 22, 2007
Copies of the Second Decision and the accompanying
Compliance Rules which provide full details of the Price Cap Plan 2008 may be
obtained from the office of the Fair Trading Commission, Good Hope, Green Hill,
St. Michael between the hours of 9:00 a.m. and 4:00 p.m. Mondays through
Fridays. The Decision and Rules can also be
obtained from the Commission’s website at http://www.ftc.gov.bb.
