3 OPTIONS being considered for Cable & Wirelesses (C&W continued participation in TSTT :- 1) Sell share to UNIONS, and let them run it 2) Sell share to C&W , and let them run whole show 3) Sell share to THIRD PARTY (presumably private), - my preference- let UNIONS have it, and let them practice what they preach! Last week, CWC said that it intends to place its 49 per cent stake in TSTT in a blind trust, which would effectively neutralise CWC’s equity investment in the majority state-owned telecommunications provider. The placing of the 49 per cent stake in a blind trust would mean the CWC directors on the TSTT board would have to resign and have no further influence on the local company and, therefore, no impact on the future competitive environment. He said there are all kinds of views in Cabinet with some thinking that T&T’s 51 per cent stake in TSTT should be given to the union and “the workers be allowed to run the show” while there are some who believe that the majority stake in the local telecom provider should be given to CWC and let them do so.” Between those two extremes, the minister said there were other options, one of which “involves bringing another player in to the environment. Certainly, there is a certain amount of interest in that option. So we are looking at that option as another possibility.”
Posted on: Sun, 21 Dec 2014 12:25:45 +0000
Trending Topics
Recently Viewed Topics
© 2015