Kenneth DeFontes

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State of Telecommunications Industry in Bermuda

Telephone and fax rates in Bermuda, already the lowest of its rival offshore domiciles in the Caribbean, are set to come down even further now that government has introduced competition for both local and overseas services.UK-based Cable & Wireless has long held a monopoly on overseas telephone voice calls and the locally-owned Bermuda Telephone Company (Telco) has had a monopoly on local calls.But TeleBermuda International, which is backed by Canadian interests, was in January of this year given a licence to compete with C&W for overseas calls and local businessman Ken DeFontes has been granted a licence to compete with Telco.