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Macau issues fixed-line licence to new player
2013-06-06 03:10:00| Telecompaper Headlines
(Telecompaper) Macau's Bureau of Telecommunications Regulation (DSRT) has issued two licences for the installation and operation of public fixed-line networks valid until 31 December 2021. The licences were issued to existing player Companhia de Telecomunicaçes de Macau (CTM) and to new player, MTel. The new company, together with Chinese equipment maker ZTE, will invest around MOP 1 billion while CTM said it would invest nearly MOP 500 million to improve its existing network and to expand fibre optic coverage, the South China Morning Post writes. MTel was the sole bidder for the new licence when the landline market was opened up in March last year. MTel is required to offer telecommunications services within one-and-a-half years and its network must cover 30 percent of Macau once it launches operations. After four years, the network coverage must approach 100 percent. MTel CEO Michael Choi Tak-meng has said the company plans to charge less than CTM.
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Category:Telecommunications