{"id":21754,"date":"2012-05-16T09:56:06","date_gmt":"2012-05-16T13:56:06","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=21754"},"modified":"2012-05-16T09:59:40","modified_gmt":"2012-05-16T13:59:40","slug":"plp-warned-dont-renegotiate-btc-deal","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/05\/plp-warned-dont-renegotiate-btc-deal","title":{"rendered":"PLP Warned: &#8216;Don&#8217;t Renegotiate&#8217; BTC Deal"},"content":{"rendered":"<figure id=\"attachment_17010\" aria-describedby=\"caption-attachment-17010\" style=\"width: 200px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-17010\" title=\"btc-lime\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/01\/btc-lime.jpg\" alt=\"\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/01\/btc-lime.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/01\/btc-lime-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-17010\" class=\"wp-caption-text\">BTC Powered by LIME<\/figcaption><\/figure>\n<p>The newly-elected Progressive  Liberal Party (PLP) government was yesterday warned not to renegotiate  the Bahamas Telecommunications Company&#8217;s (BTC) privatisation,  London-based financial analysts telling Tribune Business such a move  would be &#8220;pretty negative&#8221; and a potentially chilling signal to other  foreign investors.<\/p>\n<p>The PLP, which heavily opposed the BTC privatisation, while in  Opposition made strong noises about renegotiating the privatisation  agreement with CWC, also pledging to recover the 51 per cent majority  shareholding in the company.<\/p>\n<p id=\"h6542-p4\">However, numerous  analysts, who all cover BTC&#8217;s 51 per cent majority shareholder, Cable  &amp; Wireless Communications (CWC), suggested it was not in the  interests of the Bahamas &#8211; and its economy &#8211; for the Government to  attempt to renegotiate the terms of a deal for an asset that generated  28 per cent of the company&#8217;s 2012 first half Caribbean operating income.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite campaign promises to revisit the BTC deal, the newly-elected Progressive Liberal Party (PLP) government was yesterday warned not to renegotiate the Bahamas Telecommunications Company&#8217;s (BTC) sale to Cable and Wireless.<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[36,153,40,60,43],"class_list":["post-21754","post","type-post","status-publish","format-standard","hentry","category-business","tag-btc","tag-business-2","tag-government","tag-plp","tag-telecommunications"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/21754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=21754"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/21754\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=21754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=21754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=21754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}