{"id":26706,"date":"2012-10-09T09:54:12","date_gmt":"2012-10-09T13:54:12","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=26706"},"modified":"2012-10-09T09:54:12","modified_gmt":"2012-10-09T13:54:12","slug":"possible-third-party-stake-to-bahamianize-btc","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/10\/possible-third-party-stake-to-bahamianize-btc","title":{"rendered":"Possible Third Party Stake To Bahamianize BTC"},"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 Government is exploring whether \u201ca third party\u201d 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.<\/p>\n<p>It is unclear whether the Government\u2019s four-person BTC negotiating team will have put such a suggestion to CWC yet, but the \u2018third party\u2019 option &#8211; having an entity other than the Government buy a stake in the telecoms carrier &#8211; was previously floated in Tribune Business by columnist and financial analyst, Richard Coulson.<\/p>\n<p>Exactly how the \u2018third party\u2019 option will work was not detailed by S&amp;P, and it is possible the Government will not yet know itself. The likeliest, and most transparent mechanism, would be for the Government and CWC to both agree to sell a small percentage of their existing shareholdings to the Bahamian public via an initial public offering (IPO). This could be arranged in such a way that, post-IPO, the Government and Bahamian \u2018third party\u2019 collectively end up owning 51 per cent, with CWC retaining 49 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A third party could possibly take a minor stake in the Bahamas Telecommunications Company (BTC) effectively returning the company to majority Bahamian ownership.<\/p>\n","protected":false},"author":13,"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":[36,40],"class_list":["post-26706","post","type-post","status-publish","format-standard","hentry","category-business","tag-btc","tag-government"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/26706","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=26706"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/26706\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=26706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=26706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=26706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}