Home Business YJBeat eXtra: Bahamas re-acquires Telecoms Company

YJBeat eXtra: Bahamas re-acquires Telecoms Company

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By Candia Dames
Nassau Guardian News Editor

NASSAU, Bahamas — Cable & Wireless Communications (CWC) and the government of The Bahamas have concluded a deal that will result in the government taking majority control of the Bahamas Telecommunications Company (BTC), The Nassau Guardian has confirmed.

CWC said in a statement on Tuesday night, “Cable & Wireless Communications notes today’s press speculation in The Bahamas and confirms it has come to an agreement with the government of the Commonwealth of The Bahamas, the details of which will be disclosed at a press conference at 5 p.m. Bahamian time tomorrow (Wednesday), to be attended by the prime minister of The Bahamas and the CEO of Cable & Wireless Communications (Phil Bentley).”

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Bahamas government re-acquires control of local telecoms company

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