Free National Movement (FNM) Leader Dr. Hubert Minnis said his party doesn't agree with the government's decision to cancel the sale of nine percent of its shares in the Bahamas Telecommunications Company (BTC) to the Bahamian public as previously promised by the Ingraham administration.
BTC CEO Geoff Houston reported last week that the government is getting almost double the profits as a 49 percent owner in BTC than it received as a full owner.
Minnis said Bahamians should be allowed to share in those profits.
"The small Bahamian would have been in a position to double and triple and possibly increase his profit margin," said Minnis.

"I think if you are truly interested in Bahamians, this would have been a great opportunity to empower them and empower the small man so he could share in a part of the wealth."
Prime Minister Perry Christie revealed on Sunday that his administration would not follow through with the sale of nine percent of its shares because "it stands in the way of what [the] government has a mandate to do".
Christie has repeatedly promised that his administration will make every legal effort to regain majority control of BTC.
The Nassau Guardian also revealed yesterday that Christie has appointed a negotiating team ahead of talks with Cable and Wireless (CWC) CEO Tony Rice.
Minnis said this is sending a bad message to the international community.
"That is now a private company," he said. "They (CWC) bought BTC from the government. They have majority share.
"For the government to now go and try to say they are going to buy it out, you are talking about nationalization; that is dangerous terminology in the international arena.
"You're sending a bad message, especially when he (Christie) was just in Florida the other day trying to lure investors here.
"Why would I want to invest my money [in a country where] a government...may not even be friendly?"
He continued, "This whole process of establishing his committee...I think that's a bunch of fluff.
"I could establish any committee; I could put Einstein on it if he is around. But what difference does it make? I'm not interested in their reporting because whatever they report isn't going to make any difference because he cannot do it."
The prime minister noted on Sunday that in a previous meeting, Rice attempted to convince him to reconsider his position.
However, Christie has maintained that it's not what he thinks that matters.
"It's what the people who voted for me think and I can't go back to them and tell them [maybe in] about the next four to five years," he said.
Minnis said that's just an excuse.
"He is trying to use the excuse that Bahamians told him to do this and that's a promise he made -- please," he said.
"Didn't he make a promise to give them national health insurance too?"
Cable and Wireless acquired 51 percent of the shares in BTC in April 2011.
While the previous Christie administration had planned to privatize BTC, it had said it would not sell a majority stake in the company.
The prime minister said he expects talks with CWC to start in August.

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