Consistent with the policy objectives of the Caricom Heads of Governments relating to opening up our telecom markets to competition, the necessary legislation would have to be enacted in each Parliament to ensure that these objectives are met. Where do we get the people, and the role of the Commissioners and Supporting staff. First of all a Regulatory Commission should have available experts in each of the related fields to advise on upcoming issues, changes in each related industry and decisions of other similar Commissions. The commission does not have to agree with its staff, however the information is what is required to make the most informed decision. In reference to the paragraph above, political sensitivities and political input must be accommodated, specifically when dealing with matters in the public interest.
Regulators have to be firm in dealing with interconnection issues.
It is Ironic that regulations and laws have to be established for telecommunication services which under normal circumstances should be unregulated since market demands for good quality service at the most affordable prices in itself creates an environment in which service providers are guaranteed failure in a competitive market if the service is sub-standard and the costs are not competitive. Where there is a monopoly provider which is unwilling to allow fair competition, it is necessary to enact legislation to guarantee competitors reasonable arrangements to interconnect with the incumbent's equipment, both in terms of pricing and unnecessary restrictions in the use of the incumbent's network. Call Termination, Call Origination, Transit Service. Interconnection Pricing - Pricing Level Interconnection Pricing is the most significant commercial aspect of an Interconnection Agreement. If set too high, they deter efficient market entry or lead to inefficient duplication of resources If set too low, they encourage inefficient market entry.