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Benefits of telecom reform

Posted on November 2, 2006  /  0 Comments

Sri Lanka’s infrastructure industries are in very bad shape, with reforms postponed, billion-rupee losses in electricity and petroleum and predictions of power cuts in 2007. In the blog of one of the business publications we read regularly, the following comment had been made by a reader. What is interesting is that she/he points to the good conditions in the telecom industry, no strikes, lower prices, etc. LANKA BUSINESS ONLINE – LBO If you had more competitive markets, without the government trying to control everything, you would have immediate price reductions. The producer that passes on the benefits to the consumer will have higher sales, if he beats his competitiors to the price-cut.