The coalition government and the Guyana Telephone and Telegraph Company (GTT) announced moments ago that they have signed a Memorandum of Understanding (MOU) regarding the former’s planned liberalisation of the telecommunications market.
In a missive to the press, the Ministry of Public Telecommunications said that the non-binding MoU represents a major step towards fully liberalizing Guyana’s telecommunications market. The Ministry said that the Government and GTT have further agreed to continue discussions on all outstanding issues with the objective of reaching a binding agreement.
Minister for Telecommunications, Catherine Hughes stated, “After many years of delays, this Government has brought the country one step closer to achieving a fully open telecommunications market. While more work needs to be done, the Government is committed to continuing discussions and completing the process of liberalisation for the citizens of Guyana.”
Expressing similar sentiments was GTT’s CEO, Justin Nedd. He said, “I am very pleased we have reached this milestone. GTT fully supports an open and transparent telecommunications market in Guyana and the opportunities it will provide for Guyana’s citizens and our customers.”
Nedd said that he and his company look forward to further discussions with the Government to reach an agreement on the issues that remain outstanding.