Jersey's Treasury and Resources Department last week launched a consultation on the proposed sale of state-owned telecoms provider, Jersey Telecom.
Jersey Telecom is one of only a few telecommunications operators in the world that remains fully state owned. Following the incorporation of Jersey Telecom Group Limited and the establishment of the independent regulation of the industry by the Jersey Competition Regulatory Authority (JCRA) in January 2003, the States of Jersey is now in a position to consider the sale of Jersey Telecom.
The consultation paper issued by the Treasury and Resources Department therefore asks interested parties to comment on whether it is prudent for the States to sell Jersey Telecom.
It is the Department’s opinion that the regulatory framework provides sufficient protection for consumers and that the existing high levels of infrastructure, that the Island depends upon, would also be secure if Jersey Telecom were sold.
The deadline for responses to the paper is September 8.
The full text of the consultation paper on the proposed sale of Jersey Telecom can be found in the Tax News Resources section.
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