The demand for telecommunications is rapidly increasing in Belize Essay

look for has represent that an estimated fifty million transactions of international long distance forebode calls originate from Belize each year. The organisation has aimed to figure that consumers generate lower prices, higher(prenominal) select services, wider array of service choices, and reconcile of the artistic mental home technology. It similarly seeks to repair the efficiency of many business ventures which would facilitate the economy of the country. An improve telecommunications infra social organization give overly amplify the take of foreign investment.The telecommunications orbit has been laboured by limited financial business leader to invest in using of current infrastructure (Fox 103, 2007). As a state run institution, BTL has found it difficult to go along a state of the art telecommunications web. Satellite, cellular, and nurture technologies atomic number 18 changing at a rapid calculate. Belize already faces some(prenominal) disadv antages as comp ared with its neighbors because it is losing competition in terms of cellular teledensity. It in like manner has the greatest unsatisfied imply for services and the longest average reckon for installation of telephone lines.It also suffers from a disadvantage in terms of the shape of lines per employee and take aim of investment per employee. BTL has invested twenty dollars in telecommunications for every inhabitant. Other countries with similar sparing trains have invested two to ten quantify higher. The country has annually invested less in telecommunication than the amount needed to carry on the current level of personal offbeat enjoyed. The low investment rate has drawd several problems for BTL (Fox 103, 2007. Research conducted for a group of Belizeans determined that forty portion of the participants had no appraisal about the telecommunication put rights.Twenty percent claimed that politics plans to enlighten the telecommunication area would fail. The governing aims to ensure that the demand for telecom services will increase if the level of services is upgraded and modernized. The country aims to privatize and modify the vault of heaven which would give an incentive for reclusive organizations to house services in remote control areas of the country. Numerous communities in Belize do not have access to adequate telecommunication services. closed-door companies have been selected to tap for customers who would provide a large number of citizens with the opportunity to obtain telecommunications services.The Public Utilities Commission which was form in the late 1990s regulates the telecommunications assiduity in Belize. It has worked with the government to develop a insurance indemnity framework for the telecommunications sector. This policy is the future day blueprint and development of the manufacture (Cronin 31, 2007). The Belize Telecommunications dissemble was passed in 2002 which supplyed all licenses , permits, and permission for direct until the expiry of previous licenses. This act allows the development of the telecommunications diligence by the system of competition.It has allow two licenses to the Belize Telecommunications Limited and International Telecommunications Limited. An person license was also provided to Speednet Communications Limited. The PUC has given(p) an estimated twenty licenses for internet service providers, selective information networks, and hidden domestic networks (Cronin 32, 2007). The PUC has also allowed the service in the set of rules and software applications to improve the quality of communications. Belize has not managed to open its telecommunications commercialize to competition and privatization.As a contribute it has been experiencing slower sector growth and higher prices as compared with its neighbors. High prices and the slow rate of innovation have been identified as being responsible for the slow pacing of development (Cronin 29, 2007). There are also limited opportunities for entrepreneurial initiatives. The current government aims to properly design and implement renews in the telecommunications sector. It requires political will and capacity to reform which would assist in the development of the telecommunications sector.It also requires the need for fire up policies and basic rules of the game. The policy for licensing new companies mustiness be clear as it would ensure that the sector structure is secure in the future. The pricing rules must be well defined which would allow firm numbers and simple formulas for self-acting adjustments to hold for several years. An new(prenominal) urgency is the powers of the regulative authority and the decision fashioning processes will be used in interactions with regulators. Credible and stable sector policies and rules are another objective of the government.They aim to create a broad consensus on the reform package (Cronin 30, 2007). Another important pure tone is the government seeks to add credibility to the reform process by relating the process to its success. genuine telecommunications laws also need to be utilize according to the objectives of the new government. The current enactment needs to be upgraded so that it slew assist in telecommunication reforms in Belize. A major task of the Belizean government has been to create credibility for its telecommunications reform policy.Private investors believe that the absence of credibility would go away in the risk of expropriation and having investors taken warrantor in terms of the ability of the government to force utilities to charge unprofitable place for their services. While the government wants to encourage close investment, it must create an institutional battle array that limits their own ability to behave opportunistically at one time clandestine telecom operators undertake their investments. The creation of regulatory bodies creates questions concerned with accountability and autonomy. semiempirical studies that have analyse the Belizean telecommunication sector have tried to explain the partial tone telecommunications reforms or the effects of political and institutional changeables on network deployment. Research has explored how new political institutions measured by indicator of checks and balances affect the long run level of penetration in Belize (Cronin 39, 2007). Political limits have a strong and arrogant kindred with the growth of main lines. It highlights the importance of policy for promoting steady and strong incentives to private investors in a sector where opportunistic demeanour might be expected.Other researchers studied the effects of telecommunications regulation and political variables in which they found that these variables help explain the level of network expansion. A better and limited regulatory environs leads to greater investments in telecommunications. Ownership and competition by private investors tend to create favorable environment for the expansion of telecommunications. formula helps assist the private firms that enter the telecommunications sector of Belize.Research conducted for the cerebrate between privatization and network expansion found that privatization is strongly linked with the efficiency and reliability of the telecommunications sector. Competition a major variable rouse have a positive effect on the telecommunication sector. Regulation is however considered to negative with relation to network expansion. Regulatory environment constitutes an important performer for private organizations that seek to operate in Belize. Strategic decisions made by companies can be linked with traditional frugalal factors and regulatory conditions.The performance of the telecom industry affects and is affected by the political and regulatory decisions. Privatization, liberalization and regulatory enhancement are linked and influence each other in the success of the tel ecom industry (Cronin 69, 2007). Belizean telecommunications merchandise is an emerging commercialise which is considered unsettled by major telecom operators. It also suffers from volatility because of the vulnerability of the economy to market fluctuations. Consumers in Belize are also minute to prices even during the times of economic boom. downcast prices and regulations make Belize an unattractive option for Hesperian telecom companies.Despite major bills and reforms, the sector continues to be dominated by the BTL. Belize Telemedia retains its monopoly and hegemony over the telecommunication sector. It is also favorably back up by the government which continues to provide economic assistance to the company. The sluggish capital market and uncertainty about future economic development in Belize means that carriers will prefer technology that makes the most of actual infrastructure. This will increase the sales opportunities with products that twirl reliable and efficie nt service.