Bahamas: Christie defends decision to re-nationalize Telephone company
Former Prime Minister Ingraham said that the process leading to privatisation had not been hurried or taken casually and that great damage would have been done to the countrys image and reputation if, after two attempts, it failed to privatise the Bahamas Telephone Company.
Christie said he is hoping that Cable and Wireless telecommunication company agrees to revert to being a minority shareholder with a 49 percent stake.
Christie said the government’s bid to renationalize the Bahamas Telephone Company is about driving the economy forward, stimulating the job market and creating economic opportunities. – CMC
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