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May 11, 2009
Digicel seeks to end Guyana telephone monopoly
Potentially big news today from AP today on Digicel - they are going after one of the regions last monopoly markets, Guyana:
A Caribbean mobile phone company is challenging a U.S.-owned company's monopoly over international cell phone calls in the South American nation of Guyana.
Digicel says it is missing out on millions of dollars because its nearly 300,000 subscribers can't make international calls.
Guyana Telephone & Telegraph Co. has had a monopoly on the calls since it was privatized in 1991. The company is owned by Salem, Massachusetts-based Atlantic Tele-Network.
The permit expires next year. The company can renew it for 20 more years, but the government is against it.
This can't be good news for Atlantic Tele-Networks - it will be interesting to see how this one plays out.
