Bahamas gov’t acquires majority stake in the Bahamas Telecommunications Company

Cable & Wireless Communications (CWC) and the Perry Christie administration in the Bahamas have concluded a deal that will result in the government acquiring majority control of the Bahamas Telecommunications Company (BTC).

CWC said in a statement on Tuesday night, “Cable & Wireless Communications notes today’s press speculation in The Bahamas and confirms it has come to an agreement with the government of the Commonwealth of The Bahamas.”

Read more: Caribbean News Now