LIME’S landline customers need not fear a price hike for another year.
The Fair Trading Commission (FTC) has barred the telecommunications giant from raising prices on some services for at least one year in a decision released yesterday.
The current FTC-imposed four-year price cap expires tomorrow and the quasi-judicial body has determined that regulated services offered by Cable & Wireless Barbados, which trades as LIME should remain untouched for the next 12 months.
After that period, a system worked out by the FTC commissioners will allow LIME to increase some prices between 2013 and 2014 and again from 2014 to 2015 based on inflation in the country, and productivity within that company.
Read the full story in today’s WEEKEND NATION.