Laqtel was initially financially backed by a group of local investors who were awarded one of the first mobile licenses- by the Telecommunications Authority of Trinidad and Tobago (TATT) on July 5, 2005.

The licenses awarded to Laqtel and one other bidder formally began the process of mobile competition in Trinidad and Tobago alongside the incumbent Telecommunications monopoly provider TSTT.

The two companies were chosen to form the initial process of competition in the wireless landscape of Trinidad and Tobago.

NatTel, Cingular Wireless and Telkom Caribe were the other providers that were unsuccessful in the licensing round.

On March 14, 2008 had its CDMA licence revoked in Trinidad and Tobago due to its failure to pay outstanding bonds and court fines.