June 13, 2012
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BTC suffers 15% revenue decline
The Bahamas Telecommunications Company (BTC) was not spared by the COVID-19 pandemic, it was revealed yesterday, as the carrier suffered a near-15 percent year-over-year first half revenue fall. Liberty Latin America (LiLAC), the ultimate parent for
BTC blames parent for non-compliance 'beyond our control'
The Bahamas Telecommunications Company (BTC) has blamed its immediate parent for regulatory breaches caused by changes to its TV line-up that were “beyond its control”. The carrier said the “ultimate break down” of contract negotiations between Cabl
BTC suffers further 4% mobile subscriber drop
THE Bahamas Telecommunications Company (BTC) suffered a further 4 percent mobile subscriber erosion in the 2019 fourth quarter, it was revealed last night, while struggling to penetrate other market segments. Liberty Latin America (LiLAC), the Baham
Power generation issue causes mobile outage
SOME Bahamas Telecommunications Company mobile customers complained of an inability to place calls or use data services yesterday. Other customers also experienced issues making calls from landline phones. In a brief statement yesterday morning, BT
BTC to 'radically attack' Cable on TV, Internet hold
The Bahamas Telecommunications Company (BTC) is planning to “radically attack” Cable Bahamas’ internet and TV dominance, having slashed new subscriber waiting time by 80 percent.
BTC hits ‘red line’ on client, value erosion
THE Bahamas Telecommunications Company’s (BTC) chief executive says the company has reached “the red line” on mobile subscriber loss and value, and is readying the fight back.
BTC chief: Unproductive staff should be 'anxious'
THE Bahamas Telecommunications Company’s (BTC) chief executive has warned that unproductive staff should be “anxious” for their jobs as the company is “late” in adjusting to competition.Garfield “Garry” Sinclair told Tribune Business he wanted to pro
BTC to launch free wi-fi pilot for the inner city
BTC has agreed to launch a pilot project offering free Wi-Fi in three public parks in the inner-city of New Providence, with a view to extending this project to additional areas, Prime Minister Dr Hubert Minnis announced yesterday.As he wrapped up de
Free communication to Inagua, Ragged Island and Long Island
RESIDENTS in some of the islands ravaged by Hurricane Joaquin are able to communicate with the outside world again after the Bahamas Telecommunications Company (BTC) initiated communications centres in Ragged Island, Inagua and Clarence Town, Long Island, yesterday, allowing them to make telephone calls and send emails free of charge.
BTC staff ‘in the dark’ on layoffs
BAHAMAS Communications and Public Officers Union Secretary-General Dino Rolle yesterday claimed “battle weary” union members were being left to “operate in the dark” after BTC CEO Leon Williams refused to clarify how many employees the company planned to layoff, or a date the layoffs will take effect.
No answer from Williams on sweetened job cut packages
BAHAMAS Telecommunications Company CEO Leon Williams yesterday could not confirm whether the company was considering “sweetening” the voluntary separation packages being offered to at least 150 workers.
BTC has paid $244,000 fine
THE BTC has paid in full a $244,000 anti-competitive behaviour fine recently levied against the company by the Utilities Regulation and Competition Authority (URCA), according to Chief Executive Officer Leon Williams.
Companies 'interested in competing' with BTC service
SEVERAL providers are interested in entering the Bahamas’ mobile phone market and are making preparations to compete with the Bahamas Telecommunications Company in the lead up to the official granting of a new cellular provider licence, Prime Minister Perry Christie said yesterday.
$80M new BTC network to debut next year
NEWER and more robust internet and landline services are being promised to BTC customers when the corporation’s $80 million New Generation Network (NGN) system fully comes on stream by March of next year, senior officials at BTC revealed during a press tour yesterday.
BTC confirms part-time worker cutbacks
THE Bahamas Telecommunications Company yesterday confirmed it has downsized the number of temporary part-time workers at flagship stores.
BTC restores northern Bahamas services after disruption
THE Bahamas Telecommunications Corporation (BTC) has restored its landline, internet and cellular services to the Northern Bahamas and to the Mars Bay area of South Andros.
BTC blames 'pigeon hunters' for disruption
THE Bahamas Telecommunications Company is blaming the disruption of its services in Andros on “gun shooting pigeon hunters”.
'Pigeon hunters' blamed for BTC disruption
THE Bahamas Telecommunications Corporation (BTC) is blaming the disruption of its services in Andros on pigeon hunters.
Regulator shoots down 'anti-competitive' BTC, Cable phone switch plan
Regulators yesterday shot down as “anti-competitive” a Bahamas Telecommunications Company (BTC) proposal that customers be charged for switching to rival operators.
BTC owner 'anticipates' cellular rival by end-2014
The Bahamas Telecommunications Company’s (BTC) majority owner is “not anticipating” any extension to its existing monopoly, and is preparing to go head-to-head with a rival cellular competitor before end-2014.
BTC attacks Cable's 'double rate subsidy'
INAGUA was described yesterday as an “eco-tourism hub”, with the Bahamas National Trust’s (BNT) executive chairman telling Tribune Business the organisation had prepared a draft plan for the number and types of jobs that could be created via nature-based experiences there.
Voice call network rated best in region
BTC’s primary network for voice calls was ranked as best in class in the region according to it’s network supplier, which benchmarked the network’s performance against other carriers around the world.
Wilson questions Cash over BTC comments
FNM chairman Darron Cash’s comments about BTC prove he “doesn’t know what he is talking about” according to Frankie Wilson, the lead negotiator in the government’s efforts to regain majority shares in the company.
BTC confident of retaining fixed 'lion's share'
The Bahamas Telecommunications Company (BTC) yesterday said it welcomed the imminent arrival of number portability on September 3, adding that it had retained “the lion’s share” of fixed-line customers despite Cable Bahamas’ market entrance.
BTC targets 12 NP franchises by year's end
The Bahamas Telecommunications Company (BTC) is aiming to have 12 franchise stores in New Providence by year-end, with its projected investment in the nationwide roll-out totalling $2.5-$3 million.
BTC deal 'way beyond' 129% dividend growth
The “national interest” means the Government has no reason to leave the Bahamas Telecommunications Company (BTC) alone, despite its projections of a 129 per cent increase in the dividends it will earn from the carrier.
BTC ‘not immune’ from CWC’s $100m cost push
The Bahamas Telecommunications Company (BTC) will “not be immune” to the $100 million savings drive of its majority shareholder, which yesterday said its Bahamian asset’s operating costs were still “higher than we’d like to see”.
BTC CEO 'confident' of 50 franchise stores
BAHAMAS Telecommunications Company (BTC) CEO Geoff Houston said yesterday that he was “very confident” that the telecommunications provider would get at least 50 franchise stores throughout the Bahamas, noting that the company already had its sights set on three stores in New Providence in the next three to four months.
Gov't to prove BTC was 'horrendously bad deal'
The Prime Minister’s efforts to regain majority ownership of the Bahamas Telecommunications Company (BTC) rated not a mention at Cable & Wireless Communications (CWC) Friday results conference, but a key member of his negotiating team pledged: “The public will soon be presented with considerable evidence as to why this was an horrendously bad deal.”
BTC's regional parent sees its chief depart
The Bahamas Telecommunications Company’s (BTC) regional parent, LIME, yesterday announced that its chief executive was stepping down after four years at the helm.
BTC promotion 'a runaway success'
THE ‘Gimme 10’ promotion was a runaway success according to BTC, with $1.7 million in free texts, free phone calls and data give-aways.
BTC owner reinforces Bahamas commitment
The Bahamas Telecommunications Company’s (BTC) majority shareholder effectively hit back yesterday at Prime Minister Perry Christie’s concerns over its asset sales, adding that $749.7 million it would receive for exiting Macau will be ploughed back into its Bahamian - and Caribbean - interests.
BTC seeks public help to stop copper thefts
THE Bahamas Telecommunications Company called on the public to do its part in maintaining land and cell phone services by helping stop the copper thefts at BTC sites.
CWC’s accounting requirement for BTC control ‘not black and white’
A leading Government negotiator yesterday suggested Cable & Wireless Communications (CWC) may not necessarily need to retain a majority 51 per cent stake in the Bahamas Telecommunications Company (BTC) to consolidate the latter’s performance in its overall financial results.
BTC enjoys 28,751% mobile data growth
The Bahamas Telecommunications Company (BTC) yesterday said it was committed to investing “more than $100 million” in upgrading its communications infrastructure, adding that its mobile data traffic had increased 28,751 per cent since its 4G network launched in December 2012.
BTC outage report’s veiled CWC criticism
The Bahamas Telecommunications Company (BTC) breached a key condition of its licence during last June’s island-wide network outage, regulators said yesterday, levelling implicit criticism at majority shareholder Cable & Wireless Communications (CWC).
BTC ordered to reduce termination fees 53%
The Bahamas Telecommunications Company (BTC) is being required to reduce the interconnection charges it levies upon rival operators by up to 53 per cent in 2013, with regulators determined to prevent its internal inefficiencies blocking competition.
BTC offering seasonal gifts
The Bahamas Telecommunications Company (BTC) yesterday said it has given its pre-paid cellular customers value-added gifts for Christmas.
Christie Gov't 'respects' BTC privatisation deal
The Christie administration has “made it clear they respect” the agreement that privatised the Bahamas Telecommunications Company (BTC), its majority owner yesterday saying it would not allow the Government’s attempts to regain control to hurt its own shareholders.
BTC 'bottlenecks' from 400% mobile data growth
The Bahamas Telecommunications Company (BTC) is investing a further $2 million in its 4G network to relieve “bottlenecks” at 15 cell tower sites caused by a 400 per cent increase in mobile data usage, its chief executive yesterday also targeting a ‘doubling’ of its Internet market share.
URCA close to BTC probe completion
THE Utilities Regulation and Competition Authority (URCA) is close to completing its investigation of the Bahamas Telecommunications Company’s (BTC) summer network outage.
Gov't eyes 'third party' to regain BTC majority stake
The Government is exploring whether “a third party” could take a minor stake in the Bahamas Telecommunications Company (BTC) and thus return the company to majority Bahamian ownership, a Wall Street credit rating agency has revealed.
BTC unveils its internet upgrades
THE Bahamas Telecommunications Company (BTC) will spend another $60 millionplus to upgrade its land-line service in a bid to win back residential users and create the fastest Internet service in the country. Fresh off the heels of a $40 million-plus investment that netted an 800 per cent increase in data usage following transformation of its mobile network, BTC’s chief executive said the company is spending another $60-plus million to upgrade landline service.
BTC to eliminate 250k phones via ‘trade in’
THE Bahamas Telecommunications Company (BTC) has initiated a 10-day “trade-in” campaign aimed at ridding the country of some 2,300 outdated cellular phone models.
BTC's 2010 separated account audit 'qualified'
ALL key Bahamian communications industry players are opposed to using the Bahamas Telecommunications Company’s (BTC) historical cost data as the basis to set its future interconnection charges, with the newly-privatised carrier admitting auditors were unable to give its 2010 separated accounts a clean bill of health.
BTC fearing $1.5m foreign revenue loss
The Bahamas Telecommunications Company (BTC) fears proposals to lower its mobile call termination rate will slash its international revenues by up to $1.5 million annually, reducing its ability to invest in infrastructure and benefit Bahamians.
BTC still working on 2,000 customer outage
BAHAMAS Telecommunications Company (BTC) crews are working around the clock to restore services to more than 2,000 customers affected when heavy equipment operated by Jose Cartellone Construction Company for the New Providence Road Improvement Project cut through a major cable on Wulff Road on Tuesday afternoon.
BTC in $100m EBITDA earnings forecast
THE Bahamas Telecommunications Company (BTC) is forecast to generate $100 million in operating income this current financial year, a 9.9 per cent year-over-year increase, one London-based analyst yesterday saying its majority shareholder believed it had sufficient “legal protection” to guard against the Government’s attempts to claim a 51 per cent stake.
'Severe consequences' urged if BTC misses efficiency targets
A well-known businessman yesterday called for “severe consequences” if the Bahamas Telecommunications Company (BTC) failed to meet its mandated 36-69 per cent efficiency improvement targets, arguing that its troubled cellular upgrade showed privately-run monopolies were “much worse” than their government counterparts.
BTC ordered to improve efficiency by between 36-69%
The Bahamas Telecommunications Company (BTC) has been set efficiency improvement targets of between 36-69 per cent just to bring it into a ‘median’ position against rivals, the sector regulator finding its “productivity levels remained below those of comparable operators”.
BTC interconnection charges to fall '55% over next 3 years'
The Bahamas Telecommunications Company’s (BTC) interconnection charges “are expected to fall by up to 55 per cent over the next three years” under proposals released by the sector regulator, in a move to ensure increased competition is not thwarted by the incumbent’s inefficiencies.
BTC Seahorse Plaza Centre to open on Saturday
HUNDREDS are expected to turn out for the opening of BTC’s latest retail centre in the Seahorse Plaza, Grand Bahama on Saturday.
BTC opens third GB retail outlet
The Bahamas Telecommunications Company (BTC)has opened its third retail store in Grand Bahama, after investing $250,000 to upgrade a 1,900 square foot space at Seahorse Plaza in Lucaya.
Footage missing in sabotage probe
SURVEILLANCE footage requested in the investigation of the blackout at the Bahamas Telecommunications Company has gone missing, sources at the corporation have revealed.
BTC told 'give us better service'
FOLLOWING Monday's catastrophic telephone service blackout, BTC raised the possibility of compensation - but customers say all they want form the company is more reliable service.
BTC disruption after copper cable theft
HUNDREDS of BTC mobile and landline customers in Grand Bahama are experiencing disruptions in services due to copper thieves targeting BTC sites throughout the island.
Copper thefts hurt 400 BTC customers
BAHAMAS Telecommunications Company (BTC) executives said yesterday that service to hundreds of Grand Bahama-based mobile and fixed-line customers had been disrupted due to copper thieves targeting the company's sites across the island, a development also placing a "dark cloud" over the scrap metal industry.
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