(1) The principal object of this Act is to give effect to the purposes of the Treaty and to regulate the telecommunications sector in Saint Lucia.
(2) Without limiting the generality of subsection (1) the objects of this Act are to ensure—
(a) open entry, market liberalisation, and competition in telecommunications;
(b) policies and practices in relation to the management of telecommunications are in harmony with those of ECTEL;
(c) the operation of a universal service regime so as to ensure the widest possible access to telecommunications at an affordable rate by the people of Saint Lucia in order to enable them to share in the freedom to communicate over an efficient and modern telecommunications network;
(d) fair pricing and the use of cost-based pricing methods by telecommunications providers in Saint Lucia;
(e) fair competition practices by telecommunications providers;
(f) the introduction of advanced telecommunications technologies and an increased range of services;
(g) the public interest and national security are preserved;
(h) the application of appropriate standards in the operation of telecommunications;
(i) the overall development of telecommunications in the interest of the sustainable development of Saint Lucia.