A new report published by international digital research firm Strand Consult indicates that big technology firms such as Netflix, Google and Meta are extracting an average of US$11.5 billion from Jamaica and the Caribbean annually without making any investments in the region's mobile or fixed line network infrastructure.
The report, titled 'Gigabit Caribbean: Closing the Investment Gap in Fixed and Mobile Networks', also pointed out that unless major reforms are undertaken, the Caribbean risks being left behind as the digital world continues to unfold.
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