Competition
On 1 December 2002, the States of Jersey Telecommunications Board announced the launch of Wave Telecom, a wholly owned subsidiary operating under a Class II licence from the Guernsey Telecommunications Regulator the Office of Utility Regulation (OUR) as a new telecommunications provider in the Bailiwick of Guernsey.
On 1 January 2003 the States of Jersey's Telecommunications Board was corporatized and the telephone system was passed into a limited liability company, JT Group Limited, with 100% of the share capital retained by the States, which was granted a Class III licence by the JCRA to operate a telecommunications system in the island. At the same time the new Telecommunications (Jersey) Law 2002 abolished the States' monopoly on the provision of telecommunications in Jersey allowing full competition for the first time since the days of the NTC.
The JCRA has actively promoted competition in Jersey granting a Class II licence to Newtel Solutions in January 2003 which provides cable television services in Jersey and data services such as leased lines and ISP services in both Jersey and Guernsey for the business and residential markets.
In December 2003 Cable and Wireless Jersey was granted a Class II licence to provide fixed and mobile telephony services. In 2005, the JCRA also granted Jersey Airtel (a subsidiary of Bharti), now trading as Airtel-Vodafone, a Class II licence to provide mobile telecommunications services in the island. Airtel-Vodafone launched geographic number fixed-mobile services in 2009. The JCRA has also licensed a number of Class I operators to provide ISP and related services.
Read more about this topic: JT Group Limited
Famous quotes containing the word competition:
“Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.”
—Mario Puzo (b. 1920)
“Playing games with agreed upon rules helps children learn to live by rules, establish the delicate balance between competition and cooperation, between fair play and justice and exploitation and abuse of these for personal gain. It helps them learn to manage the warmth of winning and the hurt of losing; it helps them to believe that there will be another chance to win the next time.”
—James P. Comer (20th century)
“Knowledge in the form of an informational commodity indispensable to productive power is already, and will continue to be, a major—perhaps the major—stake in the worldwide competition for power. It is conceivable that the nation-states will one day fight for control of information, just as they battled in the past for control over territory, and afterwards for control over access to and exploitation of raw materials and cheap labor.”
—Jean François Lyotard (b. 1924)