Experts back Long-Run Incremental Cost model [Daily Tribune (Bahrain)]
(Daily Tribune (Bahrain) Via Acquire Media NewsEdge) ? ? Attracting innovative to telecom sector is possible only through the implementation of the Long-Run Incremental Cost model for wholesale interconnectivity, telecom expert Peter Cartwright has said. He was talking in the Long-Run Incremental Cost (LRIC) seminar specialised in costing and pricing for telecom services and organised by Inception Consultancy at the Movenpick Hotel yesterday. Telecommunications Regulatory Authority (TRA) General Director, Mohamed Bubshait, TRA officials, a number of specialists from the telecoms firms such as Batelco, Zain, Viva, Ettisalcom, Kalaam, United Links, Elephant Talk, nue-tel, and BIX were present during the seminar. "If you have telecom with a significant power, then they must provide prices in a fair non-discriminatory way. Without LRIC and if the regulator is not proactive, the company with the market power may abuse that power.
As you know, companies will try to take advantage of what they have and you need to balance it out," Mr. Cartwright said. "In Scandinavia, as they moved towards LRIC they start to remove non-essential costs, so the cost of interconnect comes down considerably around 20-60pc depending on its starting point." He said if that LRIC is applied well, then it will help new entrants of the market. The new entrants will always bring innovation to the market and the continuous flow of innovation will always be a fillip to the economy. TRA senior analyst, Thomas Hain, said that the Long-Run Incremental Cost is an important method in costing and pricing topic from the point of regulators. "The TRA is in fact developing its own model this year." "The global economy is changing to knowledge economy as an extension of the 'information society'' We selected this economic-technical topic because of its generated tangible values, in of the most important sectors," said Inception Consultancy Managing Director, Ahmed Al Sari. ? ?
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