BTC wireless monopoly set to continue for ‘two or three years’ post sale

1 Dec 2010

Bahamas newspaper Tribune Business is reporting that Cable & Wireless (LIME) has negotiated for the Bahamas Telecommunications Company (BTC) to enjoy a further ‘two or three years’ exclusivity in the wireless market, should the British company either defer, or not proceed with, plans to cut BTC’s workforce by up to 30%. Cable & Wireless is believed to be close to agreeing the acquisition of a 51% stake in BTC. However, the privatisation has been tortuous, having been on the table for over a decade.

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