Macau telecommunications company, Companhia de Telecomunicações de Macau (CTM) Monday lost its monopoly on the territory’s fixed-line telecommunications network following publication in the official newspaper of a second license for new operator MTel.
In a statement published in the Macau Official Bulletin, the government granted a fixed-line telecommunications operator license to Mtel, which will compete with CTM, whose license was renewed for another eight years, until 2021.
The new operator must start operating within a maximum of 18 months, by 4 December 2014, and investment in the first five years will total 777 million patacas, 195 million of which in the first year, including 150 million patacas for construction of infrastructure and fibre optic links to homes and other areas.
The chief executive of MTel, Michael Choi, who announced that the company would this week request authorisation to operate as an Internet service provider (ISP), gave assurances that the prices that would be announced in the future would be lower than those currently charged by CTM.
The director of the Telecommunications Regulatory Service (DSRT), Tou Veng Keong, said that by granting the license to Mtel, “there will be enough competition for the operators to provide a better and cheaper Internet service.”
According to the information published Mtel’s main investor in ZTE, China’s second-largest telecommunications group, which is based in the Shenzhen Exclusive Economic Area. (macauhub)