Trans World Telecom reveals plans for Bahamas

Californian telecoms holding company Trans World Telecom (TWT) has announced that it will be focusing on the main cities of the Bahamas - Nassau, Freeport and the Family Islands - as its investment areas for 2003-04 if it wins today’s auction for a 49% stake in the island’s incumbent BTC. TWT is bidding for the BTC stake as part of the Trans World Telecom Bahamas consortium, alongside locally owned Advantage Group and Canada’s Onex. It says it has developed a five-year investment plan for the Bahamas telco; it aims to expand the inter-island fibre and GSM networks, as well as develop the mobile, data transmission, customer care and office support divisions.