Horizon Applies For ICOL Regulatory License
Horizon Communications announced that it has “applied for a regulatory license to operate a new high-speed wireless 4G LTE solution for homes and businesses in Bermuda.”
Horizon previously announced plans to raise funds from an Intial Coin Offering [ICO] with an aim to launch internet service in June 2018, and in explaining the change of plans, the company previously said they “were able to secure financing from a Bermuda based Investment Fund.”
A spokesperson said, “Horizon Communications [Horizon], a Bermudian-owned next generation telecommunications company is pleased to announce that it has applied for a regulatory license to operate a new high-speed wireless 4G LTE solution for homes and businesses in Bermuda.
“Horizon’s application for an Integrated Communication Operation License [ICOL] was made to the Regulatory Authority of Bermuda [RA] during the one-month period established by the RA for applications. This is the first time applications are being accepted since the lifting of a moratorium on new telecommunications licenses announced in October 2019.
Horizon Communications CEO Gilbert ‘Artie’ Darrell said; “We look forward to working with the RA to enter the Bermuda market to offer more choice to consumers and businesses for high-speed internet and telecommunications services.
“With our experienced team, financial backing from local and international investors, next generation LTE technology, and dedication to customer service excellence Horizon will be an attractive alternative provider for consumers and businesses in Bermuda.”
“We appreciate the efforts of the Minister of Home Affairs, the RA, and the Government to establish a robust framework for evaluating new entrants like Horizon. In our opinion, opening the door to a new Bermuda company will be a positive development for the entire market.”
“Horizon Communications plans to deploy wireless internet service across the island, providing more choice for consumers and creating jobs for approximately 30 Bermudians in the first 2 years, pending regulatory approval.”
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Prices?
Good day DeOnion,
As telecommunications is a regulated business, we cannot release prices until we have a telecom license and our rates are approved by the RAB. However our goal is to be competitive and improve service across the island. Please stay tuned for more information when we’re able to release it.
So let me get this straight. They are applying to be another 4G LTE provider? I don’t really see the RA granting another 4G license as the size and population that is currently on island does not need a 3rd player to provide ok service.