Timor Telecom’s monopoly set to end

29 Mar 2012

The government of Timor-Leste has reached an agreement with Timor Telecom (TT) to end the monopoly held by the Portugal Telecom subsidiary on the telecoms sector, Macauhub reports. Under the terms of TT’s operating licence, which was awarded in 2002, the company was granted exclusivity in the market until 2017, but last year the government revealed plans to bring forward liberalisation and subsequently entered into negotiations with TT to end its monopoly earlier than planned. Meanwhile the report quotes minister for infrastructure Pedro Lay as saying that an auction for new telecommunications licences would be launched by the government ‘soon’.

Timor-Leste, Timor Telecom