State of Cayman’s Telecommunications Industry

It is unclear whether the upheaval in Bermuda’s telecommunications industry will have any effect on monopolies Cable & Wireless has in the Cayman Islands and other Caribbean countries.Cayman is Bermuda’s greatest offshore competitor and its government may not want to fall further behind Bermuda in the area of telecommunications.Bermuda’s peak rate of $1.10 per minute to the key countries of the U. S. and Canada is 66 per cent cheaper than the US$1.70 rate in Cayman and Bermuda’s peak rate of $1.45 per minute to the U. K. is 43 per cent cheaper than Cayman’s rate of US$2.07.