CaribWorldNews, NASSAU, Bahamas, Weds. July 15, 2009: The Bahamas government is looking for a buyer for its Bahamas Telecommunications Company Ltd.
In an advertisement published Tuesday in several domestic and international publications, the government said it is seeking to sell a 51 percent stake in company, which currently provides services to over 334,000 wireless customers, 132,000 fixed line and 18,500 broadband customers.
The government said it is seeking a buyer with `strong reputation in the telecommunications industry; the ability and commitment to generate value-added revenue and cost synergies with BTC operations; financial strength and operational platform to be able to enhance BTC’s underlying network, services, billing and customer service and a history of strong financial performance.`
Interested parties are invited to register for the privatization process of BTC through the submission of a registration form and the payment of a processing fee of US$25,000 on or before July 28, 2009. The registration form and guidelines on the submission of the registration form are available at: http://www.btcprivatization.com/. The fee is non-refundable.