Competition
The competition in the telecommunication market is “a negotiated competition”. All operators cooperate in the Somaliland Telecommunication Operators Association, where they agree on prices and give information on this to the Ministry. Prices are uniform and adjusted according to inflation and the exchange rate to the US-dollar.
Fierce competition has driven consumer costs down; international calls on mobile phones cost $0.30 U.S. per minute or less, five or six times lower than in most African countries. The low prices for international calls may be seen as a combined result of real competition; low economic level/development and no public intervention.
Read more about this topic: Telecommunications In Somaliland
Famous quotes containing the word competition:
“Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.”
—Mario Puzo (b. 1920)
“The praise of ancient authors proceeds not from the reverence of the dead, but from the competition and mutual envy of the living.”
—Thomas Hobbes (1588–1679)
“Competition has been shown to be useful up to a certain point and no further, but cooperation, which is the thing we must strive for today, begins where competition leaves off.”
—Franklin D. Roosevelt (1882–1945)