PM mulls delaying liberalisation for 2% stake in BTC

24 Jun 2013

Bahamas PM Perry Christie is considering delaying liberalisation of the wireless sector in exchange for reclaiming a majority stake in Bahamas Telecommunications Company (BTC). The government sold a 51% stake in BTC to Cable and Wireless Communications (CWC) for USD210 million in April 2011, although following a change of government the following year, the state has since sought to reclaim majority holding in the company. The Nassau Guardian quotes the PM as saying: ‘The question is whether or not I extend the time for them to hold on [to the monopoly] and extend the date for liberalisation. Anything is a possibility. If they’re saying that I want you to think about this for 2%, then I’ll think about it.’ The extension would not be a long one, however. Christie clarified that liberalisation would go ahead under his administration and that it was something that he would ‘not compromise on.’

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share