(1) The Minister shall, before granting an individual licence, take into account—
(a) the purposes of the Treaty;
(b) the recommendation of ECTEL;
(c) whether the objective of universal service will be promoted including the provision of public telephony services sufficient to meet reasonable demand at affordable prices;
(d) whether the interests of subscribers, purchasers and other users of telecommunications services will be protected;
(e) whether competition among telecommunications providers of telecommunications services will be promoted;
(f) whether research, development and introduction of new telecommunications services will be promoted;
(g) whether foreign and domestic investors will be encouraged to invest in telecommunications;
(h) appropriate technical and financial requirements;
(i) whether the public interest and national security interests will be safeguarded;
(j) such other matters as are prescribed.
(2) The Minister shall not grant an individual licence unless ECTEL recommends accordingly.