Removing VAT on individual, residential data will provide much-needed cost savings to Guyanese -Enetworks
– intends to continue to lead the transformation of Guyana’s ICT sector
E-Networks CEO Vishok Persaud receives E-Networks telecommunications license after liberalization in October 2020
Yesterday, Kaieteur News – E-Networks, a 100% Guyanese-owned and controlled telecommunications provider, praised the Guyana Government on extracting Value Added Tax (VAT) from residential and individual data services. In fulfilling a manifesto pledge, the telecommunications company said that the Government had introduced this initiative at a critical time when demand for quality internet services is driven by the pandemic-related shift to virtual work, education and entertainment. This step, the company says, will reduce the overall cost of these services, provide much-needed cost savings to Guyanese, and a strong signal of Government support for the growth and development of the sector.
In addition, Enetworks noted that over the past year COVID-19 has highlighted the need for internet services to be affordable as well as fast, reliable and of sufficient quality to support online learning, collaboration and video services. He said these bandwidth-intensive applications have become essential for those working and learning at home. In fact, the telecommunications provider said its affordability was a key concern, especially for many Guyanese who have been financially impacted by the pandemic. E-Networks was keen to point out that it had tried to address these pain points by introducing the best value internet services on the market to home consumers. He reminded the company that it offers the fastest internet services in Guyana at the lowest prices.
In appreciation for this measure that will improve the affordability of these services, E-Networks expressed its commitment to continue to lead the transformation of Guyana’s ICT sector through innovation.
During its 17-year existence, the company has made a significant contribution to the development of the industry by introducing many new technologies. More recently, E-Networks has been spearheading the transformation of Guyana’s internet sector through its international cable network and XGink’s 5G, which has allowed the company to offer higher bandwidth at lower prices.
E-Networks said it continues to focus on bringing the latest global sector developments to Guyana, such as cloud services and expanding its 5G network, so that Guyanese benefits from its transformative power.