Jamaica – BIDDERS will have to pony up at least US$40 million ($4 billion) to get one of two new telecommunications licences to be auctioned next month. The Government has set that as the reserve price for the cheaper of the two 700-megahertz (MHz) band licences, which are hoped will significantly deepen broadband Internet penetration in Jamaica. What’s more, potential will have to make a deposit of US$2.7 million to US$3 million (depending on the band they are going after) just to be considered for the bid, which requires a bank guarantee or bond in the amount of 50 per cent of the proposed purchase price. More
