Tuesday, Oct 22, 2019
HomeNewsBTC MOU to be tabled today in House of Assembly

BTC MOU to be tabled today in House of Assembly

Prime Minister Hubert Ingraham will table the memorandum of understanding(MOU)the government signed with Cable and Wireless Communications(CWC)this afternoon in the House of Assembly.

Ingraham made that announcement yesterday in the House when he tabled the final Baha Mar agreement.

The Nassau Guardianunderstands that yesterday the government and CWC executives were working out the final details of the agreement for the sale of 51 percent of the Bahamas Telecommunications Company(BTC).

Ingraham said he also hopes to be in a position to table other accompanying documents regarding the privatization of BTC.

The House of Assembly adjourned yesterday until 3 o’clock this afternoon.

Ingraham said previously that he hopes to finalize the BTC deal by February 15. Parliament has to approve the sale. The Progressive Liberal Party(PLP)has said it will vote against the sale in Parliament.

PLP Leader Perry Christie hasstated that should the PLP return to power after the next general election, it would”aggressively explore lawful ways and means”to enhance Bahamian ownership in BTC.

The opposition party is not the only stakeholder opposed to the sale. The unions representing employees of BTC filed legal action against the government last month in an attempt to block the deal.

Supreme Court Justice Neville Adderley will decide on or before February 14 whether to allow an action brought by the BTC unions to proceed.

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