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Macao to Break Monopoly of Mobile Telecom Market
The approved establishment of two new companies is expected to break down the monopoly of Macao's mobile telecom market by Macao Telecommunications Company (CTM).
Macao Special Administrative Region (SAR) government has approved Hutchison Telecom and Smartone Mobile Telecom, both well- known enterprises headquartered in Hong Kong, to start business in Macao by the end of August this year.
The new companies are required to set up high-quality telecom networks within six months after their inauguration.
Both companies have promised to employ about 100 people in the first year and 70 of them will be Macao residents.
Hutchison plans to invest about 200 million patacas (US$25 million) in Macao in five years while the accumulated figure for Smartone will reach at least 110 million patacas (US$13.75 million) by 2005, according to sources from the companies.
Macao SAR government is drafting service and charging regulations that cater to the competition among the three companies.
About CTM
CTM was formed in 1981 with the single objective of providing the people of Macau with world class telecommunication services.
Throughout the following decade and a half, CTM has proved to be an innovative and reliable provider of telecommunication services and, more importantly, an important partner in the transformation of Macau into a dynamic and modern Asian business centre.
Inaugurated in 1981, the CTM monopolizes all telephone services under agreement with the government in Macao.
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