FNM Chairman Darron Cash accused Prime Minister Christie of “waffling” and hiding information about the government’s negotiations with Cable & Wireless to regain the majority shares in BTC.
Topic: Cable & Wireless
Either Prime Minister Christie finds it impossible to tell a straight story, or once again he is the last to know what is happening in his government…
FNM Leader Dr. Hubert Minnis dismissed a suggestion by Franklyn Wilson that the government did not net $200 million when BTC was sold.
Tony Rice as been appointed Chairman of the Board of the Bahamas Telecommunications Company and Mr. Chris Dehring as company Director.
Prime Minister Christie admitted the government can not afford to purchase shares in the Bahamas Telecommunications Company (BTC) to become the majority owner again.
Cable & Wireless Communications (CWC) announced that the sale of its Macau business will strengthen its ability to invest in the Central American and Caribbean region, including in The Bahamas.
Cable & Wireless Communications has agreed to the sale of its 51% stake in the Macau company for a total consideration of US$749.7 million.
It is believed that Moody’s compelled the government to give up its goal to recapture a majority stake in BTC, largely because the government could not afford the $100 million penalty clause.
Cat Islanders celebrated the arrival the new fast-speed cellular service with live music, games, giveaways and assorted goodies for both adults and children.