Jamaican ICT sector pulls in US$500 million since liberalisation

Thursday, February 12, 2004

MONTEGO BAY, Jamaica: Minister of Commerce, Science and Technology, Phillip Paulwell, has said that more than US$500 million in investments has been pumped into the Jamaican telecommunications industry since the liberalization of the Information and Communications Technology (ICT) sector.

"The de-monopolization of the sector has resulted in over 200 new licenses for a range of facilities and services awarded to a number of entrepreneurs…These and other recent developments in the ICT sector, have supported our continued optimism that this sector holds tremendous promise for the attraction of investments and the generation of jobs," Minister Paulwell declared.

"The government of Jamaica is committed to the implementation of an information and communications policy that emphasizes e-governance, e-commerce, and the use of information and communications technology to drive the process of trade, development and the generation of jobs," Mr. Paulwell pointed out.

He noted that through a dedicated training project, more than 10,000 persons at varying levels in information and communications technology have received training. The country has also, as a result of this, been sensitized to the importance of ICT in enhancing international competitiveness, with Jamaica becoming a far more technology aware country than before.

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