New regulator will control media

Read storyThe government is considering creating a new regulator that would control electronic communications, including the Bahamas Telecommunications Company and Cable Bahamas.

The Utilities Regulation and Competition Authority (URCA) would control the content of electronic media and prevent companies from dominating the market.

It would have the power to fine up to $500,000 or 10 percent of a license holder's turnover.

Under the terms of the proposed law, Cable Bahamas and BTC would fall into the Significant Market Power Category and automatically subject to regulation.

A company would have up to one year to appeal characterizations that it was unfairly blocking competition.

Full Story in The Nassau Guardian here