Last Wednesday 5 of June, the ICT Law, also called the Law of Modernization of the ICT sector, was approved by the House of Representatives of the Colombian Congress, after its approval by the Senate on the day before.
The Law pursues the reduction of the digital gap in Colombia, increase investment and simplify the institutional structure.
Its provisions are addressed mainly to obtain more legal certainty for new investors, expand the infrastructure deployment in the entire territory for better reach of ICT service provision, increase the access to new technologies, improve the process of spectrum assignment and create a converged regulator.
The law intends to boost the ICT sector allowing current and new companies to develop innovative projects in connection with ICT services, improve the access to those services and enable the progress and modernization and implementation of new technologies in the country.
*The text approved by the House of Representatives must be agreed with the text approved by the Senate. The final text would be ready for presidential sanction in the next few days.