The Bahamas Telecommunications Company has suffered massive revenue losses, including a $16.8 million decline in gross revenue up to September, compared to the same period last year, according to a new BTC financial report obtained by The Nassau Guardian.
The report highlights that issues associated with the company's Cerillion billing system during the month of September helped trigger losses.
In September alone, BTC lost $3.5 million due to various factors.
The report shows that BTC's billing system is so problematic that it has led to a net increase in customer receivables of $3.8 million. The problems with the billing system have led the firm to adopt predominantly manual collec ...

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