Government issues notice of privatisation for BTC

15 Jul 2009

In an advertisement published today in several domestic and international publications, the government of The Bahamas has announced the launch of the process to sell a 51% stake in the Bahamas Telecommunications Company (BTC). According to the advert, BTC currently provides services to over 334,000 wireless, 132,000 fixed line and 18,500 broadband customers across The Bahamas. The government hopes to attract a strategic partner who is able to demonstrate that they can bring many, if not all of the following attributes to BTC: strong reputation in the telecoms industry; ability and commitment to generate value-added revenue and cost synergies with BTC operations; financial strength and operational platform to be able to enhance BTC’s underlying network, services, billing and customer service; and a history of strong financial performance.

Interested parties are invited to register for the privatisation process through the submission of a registration form and the payment of a processing fee of USD25,000 by 28 July 2009. The registration form and guidelines are available at: http://www.btcprivatization.com/. All completed applications for pre-qualification must be submitted on or before 14 August 2009.

Bahamas, Bahamas Telecommunications Company (BTC),

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