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Reliant calls on the FTC to investigate both Newgen and People's Telecom |
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Written by jamaicaobserver.com
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Friday, 09 November 2007 |
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Telecoms company Reliant Enterprise headed by Steve Twomey is calling on the Fair Trading Commission (FTC) to conduct an investigation into how the failure of both Newgen and People's Telecom to pay required fees into the Universal Access Fund distorted market prices.
Reliant maintains that in the case of Newgen, the company from August, 2006 until at least July, 2007 did not pay, as required by law, Universal Access Fund charges of US$0.02 for termination of each minute of mobile calls and US$0.03 for termination of each minute of Cable &Wireless PSTN minutes. Similarly, People's Telecom did not pay the exact same charges from June 2006 until July 2007. In a letter written to the Director General of the FTC, Barbara Lee, in which Reliant formally filed its complaint against both companies, Reliant points out: "That both companies, by not paying required fees by law to the Universal Access Fund used this non-payment to reduce rates in the International Terminating Market for Fixed and Mobile termination, thus distorting market prices and manipulating the market by lower pricing to their advantage and to the disadvantage of competitors in the market. FULL ARTICLE |
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