Christie wants back telecoms company
NASSAU — Prime Minister Perry Christie said yesterday he will meet soon with executives of Cable and Wireless Communications concerning the government’s plans to reacquire the majority of shares in Bahamas Telecommunications Company.
Christie also said former BTC CEO and President Leon Williams was appointed to the board of directors of the company a month ago.
“Sometime in the future, in the immediate future, arraignments are being made for me to meet with a very senior officer of Cable and Wireless,” said Christie at the Office of the Prime Minister.
“That is something that has been organised and I look forward to that.”
Pressed on the meeting, Christie said: “It is a meeting that we must have… it is concerning everything.
“I have no doubt that this is the meeting we must have. This is the meeting.”
He said CWC executives will fly down to The Bahamas to meet with him. But he did not say when the meeting will take place.
While on the campaign trail last year, Christie promised that a Progressive Liberal Party government would reacquire the majority shares in BTC because it did not believe the government should be a minority shareholder.
The party was also strongly against the sale of any shares to CWC.
Christie appointed a negotiating team last year led by prominent businessman Franklyn Wilson.
Take-back bid fails
He admitted to reporters earlier this year that the take-back bid had not gone the way he would have liked.
“There is obviously resistance to the idea,” he said at the time.
The prime minister also previously admitted that the government couldn’t afford to purchase shares in BTC.
He has called the Ingraham administration’s sale of 51 per cent of BTC to CWC a deal that was not in the best interest of the country. (Nassau Guardian)