Bermuda’s Regulatory Authority (RA) has granted a new Integrated Communications Operating Licence (ICOL) to domestic ISP Logic Communications, rescinding an emergency order it previously issued to bar the group receiving a new licence pending its investigation of its proposed merger with fellow operator North Rock Communications.
As previously reported by TeleGeography’s CommsUpdate, Logic Communications and North Rock Communications plan to merge and trade under the Logic Communications name, although both firms will retain their individual brands for the short-term. The new enlarged company will be 100% owned by KeyTech Limited – which already owns Logic Communications – and the tie-up comes at a time when the RA is looking to level the playing field by replacing segmented licensing with unified licences – ICOLs – allowing service providers to offer a full suite of integrated telecoms products pursuant to the new regulatory framework established by the Electronic Communications Act, including internet, local and long-distance phone services and mobile. Although the emergency order did not stop the merger taking place, it did however, place a ‘temporary stop’ on ICOLs being issued to the enlarged entity to allow the RA time to review that internet market again, in light of the new development.
As a result of its assessment, the watchdog concludes that the recent competitive developments in the residential segment means it is not necessary to take the matter further and as such, it will award an ICOL to Logic Communication only, including most of the spectrum assignment to be used by North Rock Communications. In its ruling though, the watchdog noted that it has withdrawn some frequencies in the 902MHz to 928MHz band that were previously allocated to North Rock under its original licence, but not used.