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| Isle Of Man Cutting Barriers To Telecoms Market Entry |
by Jason Gorringe, Tax-News.com, London
Friday, October 07, 2011
The Isle of Man Communications Commission has published a response to its consultation
on the review of competition in the island's telecommunications sector, which offers a number of remedies to highlighted competition problems in the Isle of Man.
The market review consultation identified and analysed retail telecommunications
markets and their corresponding wholesale markets. Potential competition problems
in the retail fixed markets, wholesale fixed markets, and mobile markets were
found and regulatory remedies appropriate to each market have been proposed
and published online.
According to the Commission, the preliminary conclusions of the Market Review,
and the measures proposed, were well supported by respondents. The Commission
has therefore publishing a Decision Notice, detailing the designations placed
on licensees and the duties and responsibilities incumbent on them as a result,
effective immediately.
Dr Carmel McLaughlin, Director of the Communications Commission, said: “We are pleased at the high level of agreement with the conclusions
of the Market Review process. The market definitions, identifications of market
power and remedies set out in the Decision Notice will bring the regulation
of telecommunications up to date, provide more regulatory certainty, and help
underpin the Isle of Man’s existing position as a desirable destination
for business innovation and technological innovation.”
The Commission explained that the Market Review process is a key element in
the establishment of a progressive framework for the regulation of electronic
communications on the island, alongside proposed new legislation currently being
formulated. "These elements will combine to give consumers, companies and investors
a modern, flexible and responsive regulatory environment, increasing the Isle
of Man’s competitive advantage in attracting global communications, and
communications-based, businesses," it stated.
A comprehensive report in our Intelligence Report series
examining the new possibilities that offshore e-commerce open up for business,
and analysing the offshore jurisdictions that have led the way in offering professional
e-commerce regimes for international business, with a particular focus on e-gaming,
is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at
http://www.lowtaxlibrary.com/asp/description_report6.asp
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