BTC actually sold for less than $195 million to C&W.

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They sold BTC in a fire sale.

Nassau, Bahamas — It can only be describe by BP as a NATIONAL GIVE-A_WAY! BTC has sold 51% of its interest to Cable & Wireless; company with a struggling performance record.

Bahamas Press finds it disgusting to note that the Bahamian people is being lied to again! Why would the FREE NATIONAL MOVEMENT LEADER CONTINUE TO LIE TO THE PEOPLE!

First they told the Bahamian people in Parliament BTC will be sold for $260 million. However, today the government confirmed BP’s report stating, BTC will be sold for $210 million, with no less that $15 million LEFT in the bank.

The reality is this, Cable & Wireless will only pay the rock bottom price of $195 million for the cash cow; A FIRE SALE! BTC made a gross of over $370 Million last year! This would mean the WUTLESS Ingraham Gov’t has sold the public asset for a near measly half the gross income annually! SOME PEOPLE HAVE NO DAMN SHAME!

We cry SHAME on the WUTLESS Mugabe GOV’T of Hubert Ingraham. We cry shame of the Damn Privatization Committee and we cry ‘DUTTY’ SHAME ON THE ‘VICKED’ UNION LEADERSHIP.

WE NEED CHANGE!

  • Yal bunch of PLPs need to go sit yal hip down. And watch and try learn something from Papa.

    • media

      What do the readers on here need to learn from Hubert? How to TELL LIES And commit treason against a country?

      BP

  • This can’t be the BTC Mr. Ingraham said Bradley Roberts bought prior to the 2007 General Election. I just can’t understand people like Tommy Turnquest who Mr Ingraham lied to about his return to the FNM leadership,and Carl Bethel whom Ingraham fired on the FNM’s convention floor.

  • That’s the ugliest couple I’ve ever seen! 🙂

    • I expect nothing more, nothing less from this Government. They continue to disappoint the Bahamian people.
      Over tax , less jobs , no empowerment of the people etc. Is C&W fronting for members of this Gov’t? Something is fishy about this deal.
      I am waiting on the Union to see if they have the guts to rock the boat.