CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Monaco Improving Internet Communications

Monaco Improving Internet Communications

by Ulrika Lomas, Tax-News.com, Brussels

26 October 2007


The Monaco Government and Monaco Telecom, the national operator in the Principality in which Cable and Wireless has a majority holding, have come to an agreement to offer local clients, particularly companies, a wider and more attractively priced range of services.

The three year agreement, announced recently by Robert Calcagno, Government Counsellor for the Environment, Equipment and Urban Planning, Gilles Tonelli, Government Counsellor for the Economy and Finance, and Denis Martin, Monaco Telecom’s CEO, is designed to enhance Monaco's competitiveness and stimulate the local economy. EUR4.5 million will be invested by the Monaco government under the agreement.

Also under the agreement, rates have been reduced for landlines, mobile phones, internet and data by 20% to 41.7%, depending on the type of communication. For example, for mobile phones, Monaco Telecom’s client companies will see all outgoing calls made within Europe drop from EUR1 to 59 cents per minute.

For individuals, the main changes include a 40% decrease for calls made on a mobile to the European region, and a "real" 15 Mbps. These is also now free access to wireless internet in public places. Six hotspots are already offering this free service (Port Hercule, the station square, place des Moulins, the Heliport, Princess Antoinette park and the square in front of Decathlon), and five others are currently under consideration.

The Monaco government says that it intends to forge ahead with the implementation of new communications technologies, and is planning to develop video on demand and DSL television by 2008.

A comprehensive report in our Intelligence Report series examining offshore e-commerce and online gaming is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report6.asp

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »