Local firms have not fully leveraged internet's potential, notes URCA document

Tue, Jul 23rd 2019, 08:19 AM

 

Entrepreneurs and businesses in The Bahamas have not fully leveraged the potential of the internet, according to a document put out by the Utilities Regulation and Competition Authority (URCA).

URCA’s Framework for Establishment of Internet Exchange Points (IXPs) document also adds that the government and private stakeholders can help to “stimulate demand for online content and services by adopting policies to support local content and traffic exchange”.

The document seeks to ascertain the country’s appetite for developing IXPs in the country. URCA explains that those IXPs can make data transmission along the internet locally quicker and less expensive.

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