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GT&T willing to give up monopoly

5 Jun 2007

Local daily Starbroek News reports that the CEO of fixed line telco GT&T, Major General (Ret’d) Joseph Singh, has called for the operator’s monopoly on voice and data services to be relinquished. Singh revealed that the telco acknowledges that times have changed since GT&T gained its licence in the early 1990s and it would be inconsistent for the company to want to hold on to the monopoly. In a letter to President Bharrat Jagdeo on Wednesday GT&T and its parent company Atlantic Tele-Network (ATN) said they were willing to commence negotiations with a view to relinquishing the right to renew the 20-year term. Further, GT&T and ATN expressed their support for the sale of the government’s 20% ownership interest in GT&T on Guyana’s public exchange.

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