LLA remains committed to selling TSTT stake

19 Nov 2021

Liberty Latin America (LLA) remains committed to honouring the six-year-old agreement to divest its 49% shareholding in Telecommunications Services of Trinidad & Tobago (TSTT), the Trinidad Express reports. TSTT is 51% owned by the Government of Trinidad and Tobago, while LLA inherited its 49% stake in the telco when it completed the acquisition of Cable & Wireless Communications (CWC) in May 2016. Previously, in March 2015 CWC agreed to offload its entire stake in TSTT within 18 months to comply with conditions placed on CWC’s takeover of triple-play operator Columbus (Flow) by the Telecommunications Authority of Trinidad and Tobago (TATT), but no deal has ever materialised.

An LLA spokesperson told the Trinidad Express: ‘We have acted in good faith and taken all reasonable measures within our control to divest the shares. With the government’s majority 51% shareholding in TSTT, in the best interest of all the parties concerned, we continue to be open to engaging the government in search of a solution that preserves the current value of the shares, and secures the future strategic vision of TSTT as a key player in the information and communication sector.’

Trinidad and Tobago, Liberty Latin America (LLA), Telecoms Services of Trinidad & Tobago (TSTT, bmobile)