Timor Telecom to Surrender Timor-Leste Monopoly Early
Published on: 29th Mar 2012
Note -- this news article is more than a year old.
The government of Timor Leste (East Timor) has reached an agreement with the monopoly telecoms network, Timor Telecom to allow competitors into the market.
Timor Telecom has been granted monopoly status in 2002 that was due to last until 2017. The government first announced plans to liberalise the market last year, and now says that it has secured the necessary agreement to terminate the monopoly early.
Timor-Leste's Minister for Infrastructure, Pedro Lay, said that the auction for new telecommunications licenses would be launched by the Government shortly.
East Timor was a Portuguese colony until 1975, when it was annexed by Indonesia. The country gained independence in 1999. Following independence and the destruction of the existing network provided by Telkom Indonesia, Australia's Telstra expanded its cellular telephone signal into East Timor in 2000, and operated services until 2003 when Timor Telecom took over.
Timor Telecom is majority owned by Portugal Telecom.