Reduced internet prices not finalized: Minister Fayyaz

Economic Development Minister Fayyaz Ismail | Photo: Sun

Malé, Maldives – Minister of Economic Development and acting Minister of Communication, Science and Technology, Fayyaz Ismail has said that the internet prices circulating in the media are not the final prices as the discussions are still in progress.

Minister Fayyaz said that the news reports stating new prices to come to effect on July 1 are not entirely correct according to local news “Adhadhu”.

The acting Communications Minister said that talks are being held for the past 2 months to ensure investment opportunities in Maldives in the telecommunications sector and reduce internet prices.

The discussions [to reduce internet prices] will be complete soon. Talks were held with tech. industry people tonight [Saturday night]. They are very positive towards the changes proposed by the government.

Fayyaz Ismail, Acting Minister of Communication, Science and Technology

The incumbent government’s Strategic Action Plan (SAP) states that efforts to lower internet prices will begin in the year 2022.

Economic Minister of Maldives, Fayyaz Ismail had stated on November 15, 2020 that they expect the pricing of telecom services to get cheaper as the government has decided give another company the license to provide telecom services in Maldives.

Minister Fayyaz also stated in 2020 that a new telecom company enters the market, and as the competition among the companies increases, it is expected that the telecom pricing will decrease to a good price over the years.