Telecom sector benefits highlighted for Bahrain's financial services industry
Bahrain's financial services community was recently briefed about the lucrative investment opportunities opening up as a result of the liberalization of the Kingdom's telecommunications sector.
A wide range of licence types, for national and international operations, are available for private investment, under a plan which will see full liberalization of the telecommunications sector by July 1 2004, participants heard at a presentation, organized by the Bahrain Monetary Agency (BMA).
Present were senior officials from the BMA, as well as executives from Bahrain-based banks, insurance firms and securities companies. The presentation, held at the Bahrain Institute of Banking & Finance (BIBF), was conducted by General Director of the Telecommunications Regulatory Authority (TRA), A. Andreas Avgousti.
According to the Telecommunications Law, the TRA is in a position to issue eight different types of licences, which involves paging services; digital satellite data networks (VSAT); public access mobile radio services; international telecom facilities as well as services; national fixed line services; internet service provider (ISP) and Value Added Services licence, which allows the provision of services over an existing network. — (menareport.com)
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