Governance of FSMTCC
FSMTCC was set up as a result of the 2014 Telecom Act Amendment, which introduced FSMTCC as the company responsible for setting up and maintaining the new fibre optic network, and TRA as the regulatory authority to oversee the transition to competition in the telecommunications market. FSMTCC’s mandate is to utilise the funding support from the World Bank to implement a fiber optic cable network to Yap and Kosrae, the two states who had not previously been connected. It also has funding and a mandate to introduce a fiber-to-the-home network for the main islands of all four FSM states.
Financial Statement 2020 expected by June 30th, 2020