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.

As the 2019-2020 financial year ended with many accomplishments and activities, COVID-19 has delayed many of the ini-tiatives that were slated for the 2020/2021 financial year. However, as the world continues to find solutions to cope with COVID-19, the telecommunications sector is likewise searching for solutions that will allow for the continued provision of services to customers under economic constraints. Bearing this in mind, the Commission has taken measures to support the industry during these tough times. I wish to thank the hard-working Commissioners and staff for their dedication and commitment towards regulating the telecommunications sector. We have achieved much, but there is still much more to be done. I implore all of us to take on the challenges that lie ahead, as we enter a new millennium of technologies and services.