LLA not plotting BTC buyout; targets FTTH expansion

24 Jul 2019

In an interview with Bahamian website Tribune 242, Garry Sinclair, CEO of the Bahamas Telecommunications Company (BTC), has rejected speculation suggesting that co-owner Liberty Latin America (LLA) has made an offer for the government’s 49% stake in the telco. The executive asserted: ‘Nothing could be further from the truth. There was no proposal to acquire the other 49% – certainly not during the meeting I was at with the Prime Minister a couple of weeks ago.’

Instead, Mr Sinclair noted that LLA has requested a short-term ‘tax holiday’ on import duties, which will allow it to bring in equipment to extend its fibre-to-the-home (FTTH) network. As per the group’s plans, LLA seeks to pass another 25,000 homes with fibre, with a focus on New Providence. Sinclair said that around 35,000-37,000 homes have been passed with fibre to date.

Bahamas, Bahamas Telecommunications Company (BTC), Liberty Latin America (LLA)