Commitment To Liberalize Communications

Since the beginning of 2007, the Telecommunications Authority (the "Authority") and the Ministry of Transportation have stepped up the pace of their studies and regulatory activities. The Authority has issued further regulations that are important to the liberalization process by enhancing competition in this vibrant market. Although the Electric Communications Law, which is the telecommunication sector's landmark legislation, is still under review, secondary legislation is steadily evolving towards compliance with the European Union's Acquis Communitaire.

Fixed Telecommunications Services

In August 2007, the Authority issued a new license for the provision of fixed telecommunication services. This license includes a wide scope of services, combining long distance telephone services ("LTDS") with other licenses, such as Wired and Wireless Internet Service Provision, and public pay telephone