On Tuesday, January 30th, it was reported by the Barbados Telecommunications Unit: there had been no applications for a fourth cellular license in Barbados.
This should come as no surprise. The math doesn’t work.
As any venture capitalist will tell you, there are at least three things which are immutable: math, physics, and economics. When it is time to “sell the business plan” to those who might be paying for it, your numbers had better look good, from both optimistic as well as pessimistic points of view.
So let us quickly do a simple back-of-the-envelope analysis of executing a cellular play here in Barbados, and see what we see…