Telecom operator CTM’s agreement with the government about the company’s management of Macau’s telecom “concession assets” will be automatically renewed later this year as stipulated in the contract, if the company does not violate the deal, Telecommunications Regulation Bureau (DSRT) Acting Director Tam Van Iu said yesterday.
She made the remarks on the sidelines of a seminar hosted by Hutchison Telephone (Macau) Company Ltd. at the Macau Science Centre.
The government signed the agreement with CTM in 2009, authorising the company to continue exclusively managing the city’s telecom “concession assets”. The assets are slated to revert to the government when the concession expires in 2021, according to CTM’s 2014 annual report. Macau’s other telecom service providers are paying CTM to use its telecom “concession assets.
Regulation Bureau (DSRT) Acting Director Tam Van Iu speaks to reporters on the sidelines of a seminar at the Macau Science Centre in Nape yesterday. – Photo: Davis Ip
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