Five interested in BTC stake

14 Jan 2009

The government of the Bahamas has renewed its pledge to dispose of a 51% stake in incumbent telco Bahamas Telecommunications Company (BTC), adding that there were five ‘major players’ interested in the state at the end of last year. CitiGroup New York has been engaged to select a buyer. Upon completion of the sale, the government plans to immediately liberalise the fixed line market, and on the first anniversary of BTC’s sale, tender invitations will go out for two new wireless licences. KPMG Corporate Finance has been retained to guide the liberalisation process.

Bahamas, Bahamas Telecommunications Company (BTC),

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