Privatization & BTC Union

Posted by Jacqueline Longley

The privatization of BTC is progressing as talks are ongoing to bring this to fruition within the next few months. Minister Zhivargo Laing indicated that the government is working diligently at finding a strategic partner for the corporation. Photo shows Minister Laing being presented with a token of the club from A.D.G. Felix Stubbs.

Talks regarding the privatization of BTC was first announced in 1997 with the government seeking to sell 49% of it's interest to a strategic partner. The present government has appointed two committees to deal with the issue:- An Advisory Committee headed by Minister Laing and a Negotiating Committee headed by T.B.Donaldson. Negotiations are underway with Bluewater Communications Holdings during the exclusivity period and must be concluded to determine whether their offer will be accepted. Members of the BTC Union were also appointed to the privatization committee to be a part of the process.