Let me start by saying, I am delighted to be appointed as Chairman of the Telecommunications Commission since April 1, 2020. As a former Commissioner some ten years ago, I had the distinct privilege of serving during the early periods after the telecom market was liberalized. Looking back, I can say without a doubt that many of the milestones that were envisioned for the sector at that time were achieved. As the incoming Chairman, my initiative is to continue to build upon the foundation of work that has been laid, and to devise new strategies and policies that will usher in the next generation of telecommunications networks and services.
Although the financial year-end for 2019/2020 has conclud-ed before my appointment, I wish to give credit to the Com-missioners, staff, and previous Chairman, Mr. Pedro Ariza, who charted the 2019/2020 financial year. In reviewing the annual and audited financial reports, it is evident that the Commission is governed by sound fiscal management princi-ples, which is imperative to its success and function in regu-lating a vibrant telecommunications industry.