Scotia’s words came even as industrial unrest – a union-organised response to government’s sale 51% of BTC to Cable & Wireless Caribbean for $210 million – interrupted service throughout New Providence and shut down BTC offices for hours.
Unions representing workers at the Bahamas Telecommunications Company (BTC) are preparing to mount a challenge to the government’s effort to sell a majority stake in BTC to Cable & Wireless (C&W).
Cable & Wireless Communications today announced that it has signed a non-binding memorandum of understanding with the Government The Bahamas to acquire a 51% interest in the Bahamas Telecommunications Company.
A “substantial roadblock” over staff terminations could impede the multi-million dollar sale of BTC to Cable & Wireless.
A 51 percent stake in the Bahamas Telecommunications Corporation (BTC) has reportedly been sold to Cable & Wireless.
The Bahamas Telecommunications Company (BTC) is reversing charges to thousands of customers who were sent erroneous bills as a result of a glitch in the company’s billing system.
Cable & Wireless Communications remains “the only show in town” for BTC, a Guardian Businesssource has revealed, but no proposal for the telephone monopoly has yet been officially tabled.
The Bahamas government will shell out $1.9 million to Bluewater Ventures Limited to settle a multimillion-dollar claim alleging that the Ingraham administration violated the deal the investment company reached with the PLP government.