A new mobile telephone company is set to begin operations here, providing competition for the established telecommunications companies and an additional option for Barbadian customers.
Canadian telecommunications firm, Ozone, will begin operating in June, official sources told Barbados TODAY. Minister responsible for Energy and Telecommunications in the Prime Minister’s Office Senator Darcy Boyce confirmed to Barbados TODAY that Ozone had been issued a licence for sometime now and expressed the hope that the company was ready to enter the market soon.
An officer of the Energy and Telecommunications Division, who asked not to be identified, also revealed that the licence was issued at least two years ago.
A posting on the business crowdfunding platform, EquityNet, makes reference to Ozone Wireless Barbados Inc, stating that it would “rapidly deploy a full IP wireless 4G / LTE fixed and mobile Internet services network” across Barbados.
It states that Ozone had been awarded the necessary mobile licenses “and, importantly, sufficient bandwidth in the critical 700 MHz range.
The company will deploy its own infrastructure and will be the first to deploy a high 4G LTE network in Barbados, according to the posting.
“The senior management is highly experienced and includes former senior executives from C&W [Cable & Wireless] Caribbean,” it states.
Promising to “disrupt” the market, it indicates that the country has approximately 480,000 available subscribers and an additional 1.1 million visitors but that the penetration of smart phones is under 40 per cent, mainly due to the absence of high-speed data networks. “With our own high-speed network and few constraints, we can disrupt the market by offering unmatched mobile Internet/data speeds, high level of network stability and connectivity, ‘all-you-can-eat’ data packages, aggressive incentives to increase the low smart phone market penetration, completely flexible choice for consumers [including] month-to-month contracts and no long-term commitment,” it promises.
The sole person associated with the company mentioned in the post is Pierre McMaster, whose LinkedIn profile reveals little about him, except that he is an entrepreneur, is involved in mergers and acquisitions (M&A) and is a partner in the Canadian equity firm, Novacap and TowerLook, a firm which assists companies looking to raise equity or to complete M&A transaction.
According to the Energy and Telecommunications Division four companies – Cable & Wireless (Flow); Digicel (Barbados) Ltd; Sunbeach Communications Inc and Ozone Communications Inc – have been granted licences to operate here. (NC)