Barbadians might find yourself paying extra for his or her landline service from Cable & Wi-fi (Barbados) Restricted (C&W) sooner or later.
However the telecommunications firm, which trades as Move, won’t be able to hike the worth past three per cent a yr, as decided by the Truthful Buying and selling Fee (FTC).
The utility regulator introduced this yesterday. It defined that although the normal stand-alone mounted line service was now much less in use and whereas C&W confronted competitors from Digicel, there have been “weak clients” who needed to be thought of.
This was after the FTC reported that C&W argued towards retaining the worth cap regime that was first applied in 2005. The value cap solely applies to C&W’s landline providing because the FTC doesn’t regulate cell phone providers.
In its Choice On The Worth Cap Plan 2021 (PCP), the FTC mentioned a value cap can be utilized to stand-alone mounted phone (landline) providers, together with value-added providers for residents and companies.
These listed included limitless native calling, name ready, voicemail, caller ID, name forwarding for residential clients and limitless native calling, name forwarding and automatic help for enterprise shoppers.
For these providers, C&W’s capacity to boost costs yearly will likely be restricted. Any will increase have to be beneath or equal to the extent of inflation, or three per cent a yr if inflation exceeds three per cent throughout that yr. If there’s a detrimental inflation charge, no value improve will likely be allowed, mentioned the FTC in its ruling. (SC)
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