54 (e) Applications and 39. (1) geographical coverage, service deployment, key performance and quality of service requirements. Subject to section 129, the Telecommunications individual licences. Commission shall issue individual licences from time to time pursuant to requests for applications published in a manner approved by the Commission. (2) Ifthe Telecommunications Commission intends to restrict the number of service providers to be licensed for any telecommunications service, it shall select such service providers pursuant to a competitive selection process. (3) A competitive selection process under subsection (2) shall provide for selection by the Telecommunications Commission based upon objective criteria which shall include one or more of the following— (a) applicants’ financial bids, whether submitted with applications or made in an auction; (b) relevant experience, track record, capability or other qualifications of applicants; (c) commitments of applicants with respect to the type, quality and geographical coverage of the relevant services or other factors; or (d) any other relevant matter. (4) Individual licences shall be for a term of not less than five years and not more than twenty years. An individual licensee may request renewal (5) licence by application made at least one year prior of the term of its individual licence or such shorter any, as the Telecommunications Commission may of such to the end period, if allow. (6) Inconnection with making substantial new investments in its telecommunications network and services, a licensee may apply for early renewal of its individual licence at a time sufficiently, which may be several years, before its expiration with a view, if renewal is granted, to ensuring that the licensee will have certainty regarding its licence rights and obligations for a period of sufficient