CHRISTIE HITS OUT AT 'BAD DEAL' IN SALE OF BTC

Thu, Dec 2nd 2010, 10:00 PM

By PAUL G TURNQUEST

Tribune Staff Reporter

pturnquest@tribunemedia.net

FORMER Prime Minister Perry Christie attacked the government for what he termed was a "bad deal" in the sale of 51 per cent of the Bahamas Telecommunications Company (BTC) to Cable and Wireless yesterday.

Addressing listeners during a radio interview, Mr Christie said his party had left in place a sale of 49 per cent of BTC for $260 million before they were unceremoniously booted out of office in 2007.

Therefore, with the government on Wednesday evening announcing it had signed a memorandum of understanding for $210 million for the controlling shares of the telecommunications company with Cable and Wireless, ...

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