Home' Trinidad and Tobago Guardian : September 7th 2013 Contents A19
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ATHENS---High tourism revenues
helped Greece's battered economy
shrink less than initially estimated in
April-June, making a projected exit
from recession next year more likely.
The country's statistical authority
said Friday that the second quarter
contraction was 3.8 per cent,
considerably better than last
month's flash estimate of 4.8 per
The authority said the revision
was based on data not available
when the preliminary estimate was
issued. These included a 5.3 per cent
turnover increase in accommodation
and food services in April-June---
compared to a 21 per cent fall a year
earlier---and a strong improvement
in the external trade deficit.
Debt-crippled Greece is in a sixth
year of recession, which hit a
contraction of nine per cent in late
2010. The downturn was
exacerbated by harsh austerity
measures demanded by bailout
Tourism helps slow Greek recession
Digicel is not daunted by the prospect of
increased competition in the local telecom-
Commenting on the Request for Proposals
(RFP) issued by the Telecommunications
Authority of T&T (TATT) last month for a
service provider, Digicel s CEO John Delves
said the company is ready to compete if the
"We love competition, we believe it makes
us perform to our best, in that we raise our
standards. Not necessarily a third operator
may come in, it s a very competitive market.
TATT did issue an RFP in 2009, and there
were no successful applicants. But if there is
a successful applicant I would be happy to
compete," he told reporters yesterday at the
opening of Digicel s new Experience Store at
ANSA Centre, Maraval Road, Port-of-Spain.
Delves said even if the third player turned
out to be a major entity like Vodafone or Ver-
izon he would not be worried. He said Digicel
has competed with Vodafone before and it
would be no different in T&T.
"We have competed against all major inter-
national carriers and we have done very well,"
In its RFP, TATT said it is "initiating a com-
petitive authorisation process which includes:
The provision of a public domestic mobile
telecommunications network and public
telecommunications services by a potential
third mobile operator."
Delves said the prospect of more competition
in the local market was not the reason why
Digicel decided to remove roaming rates effec-
tive October 1.
He explained: "We have always prided our-
selves as being the first to market with inno-
vative new products, launches and services
and this (the removal of roaming rates) is
another example of that where we are giving
back to the people of the Caribbean."
He said the removal of the roaming rates
would not impact negatively on Digicel s profits
since the T&T market is on a continuous
"We know, a lot of people travel to places
like Guyana, Barbados, Antigua and Jamaica.
We want to make it easier for every customer
to move around," he said.
Cornell Buckradee, adviser to the Minister
of Science and Technology, said the mobile
sector in T&T continues to grow and com-
petition "has served T&T well."
"The telecommunications and broadcasting
sectors collectively generated $5.3 billion in
revenue in 2012, representing a 12.6 per cent
increase from the prior year, with mobile serv-
ice contributing $2.2 billion or 42.2 per cent
of that total."
The newly-opened Digicel Experience Store
offers several special services. In addition to
catering to the needs of corporate customers,
the store also provides facilities for meetings
using video conferencing technology in an
enclosed conferencing room, as well as free
workshops in its customer education zone.
Digicel ready for
third player in T&T market
Digicel's CEO John Delves, second from left, is assisted by Anthony N Sabga, chairman emeritus
of the ANSA McAL Group, and Cornell Buckradee, adviser to the Minister of Science and
Technology, as he cuts the ribbon to formally open Digicel's new Experience Store at ANSA
Centre, Maraval Road, Port-of-Spain, yesterday. Looking on at left is soca star Destra Garcia,
one of the several local entertainers Digicel sponsors. PHOTO: ANDRE ALEXANDER
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