Technology Minister Phillip Paulwell’s long promised third player in the local telecommunication sector could soon be a reality.

Addressing yesterday’s Energy Services Company, ESCO, Jamaica Conference, the Minister indicated that an application is now before the Cabinet for the granting of a new cellular license.

Paulwell says he is excited about the application, which has already been approved by the Office of Utilities Regulation (OUR) and the Spectrum Management Authority.

He says the mergers taking place within the sector as well as reduction in calling rates have managed to improve competition in the market.

He says it is expected that this additional player will further boost this competition which will result in “greater benefits for the consumer” in relation to rates and services.

Flow and Digicel currently serve as the two major telecommunications players within the country.