Mystery buyer for GT&T

An unnamed Chinese company has expressed an interest in purchasing the Guyanan Government’s 20% stake in the incumbent, Guyana Telephone and Telegraph Company (GT&T). Local news claims that an offer of USD30 million was proffered, to be made in three stages with the largest − USD25 million − first. The government has been trying to divest its stake in the telco since June 2009 when it attempted a deal with Atlantic Tele-Network (ATN), which owns the other 80% of the company.