E-networks, which recently landed its own Fibre optic cable has joined in welcoming the liberalization of the telecommunications sector. The company now intends to further expand its recently launched 5G coverage as well as add new services.
In a statement, the company’s Chairman, Rakesh Puri, expressed his satisfaction that the liberalization process is finally complete and will now lead to the delivery of advanced ICT and communication services to the benefit of all Guyanese.
“As a 100% Guyanese owned and managed company, E-Networks is proud to have invested in providing ICT and internet-based services over the past 17 years. E-Networks operates Guyana’s fastest internet network, with recently introduced 5G services. The company’s fiber optic network also offers gigabit connectivity to
businesses, which is 20 times faster than the competitors’ services, and was made possible by the launch of our new subsea international cable. We welcome this liberalization as a further catalyst to introduce new services on our current platforms, including voice, which has been stunted due to the monopoly”, Mr. Puri said.
The company believes that Guyanese customers stand to benefit the most from the move since liberalized sectors deliver substantial socioeconomic benefits to a nation, including lower costs, increased GDP, and more widespread social inclusion and cohesion.
“This long overdue development will bring Guyana out of a primitive era of monopoly, plagued by narrow choice and predatory pricing. This move will undoubtedly enable our country to unlock the transformational power of the digital economy, as we embark on our new journey as an oil-producing nation”, the company said.
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