March 19, 2012
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AFTER months of discussions focused on recapturing the majority stake in the Bahamas Telecommunications Company (BTC), Prime Minister Perry Christie confirmed yesterday that the negotiations are complete.
THE Bahamas Telecommunications Company (BTC) has almost doubled the Government’s return on its 49 per cent minority stake in 12 months, its chief executive yesterday saying the company was forecast to pay the Christie administration a further $20 million in dividends this year.
THE Bahamas Telecommunications Company's (BTC) chief executive said yesterday he was "cautiously optimistic" over the outcome of impending talks between the head of its 51 per cent majority owner and Prime Minister Perry Christie.
BTC officials have apologised for the disruption in cellular service in New Providence over the weekend, saying it was caused by efforts to complete a step in the GSM network upgrade.
THE newly-elected Progressive Liberal Party (PLP) government was yesterday warned not to renegotiate the Bahamas Telecommunications Company's (BTC) privatisation, London-based financial analysts telling Tribune Business such a move would be "pretty negative" and a potentially chilling signal to other foreign investors.
THE Bahamas Telecommunications Company (BTC) yesterday said it had invested just over $1 million on its retail roll-out to-date, and seen sales increase at all the five completed outlets.
THE Bahamas Telecommunications Company (BTC) has warned that preliminary efficiency targets set for it by the industry regulator could force it to reduce wholesale prices "by up to 60 per cent", something that would "substantially damage" its ability to finance existing operations and investment in new services.
THE Bahamas Telecommunications Company yesterday denied allegations that the majority of its line staff were underpaid.