Bahamas govt launches sale process for BTC stake

www.WirelessFederation.com/news: The government of Bahamas has launched the formal sale process for the 51% stake in the state owned operator BTC. BTC at present has a subscriber base of 334,000 (GSM and CDMA), 132,000 fixed-line customers and 18,500 broadband users throughout the nation.
The interested investors will have to register for the BTC privatization process and pay the corresponding fee of USD 25,000 by 28 July.
Once the fee payment for registration is confirmed , the parties will be a part of the pre-qualification stage, further to which they’ll receive additional details on the process and a list of information requirements for evaluation by the government. Pre-qualification applications should be submitted by 14 August. Those who pre-qualify will then be invited to participate in a formal due diligence exercise, ultimately resulting in an economic bidding process for the 51% stake in BTC.