The Bahamas Government will launch the sale of the Bahamas Telecommunications Corporation (BaTelCo) within the next two months.
During Parliamentary Debate on the privatisation of the corporation, Minister of Financial Services and Investments, Allyson Maynard-Gibson, pointed to the private sector as the best choice in providing leadership for the development of the Bahamian information 'superhighway'. She said the Government is committed to greater private sector involvement and leadership in those sectors of the economy where competition and adoption of fast-paced, state-of-the-art innovation have acted as a stimulus for economic growth, greater efficiencies and higher levels of productivity. Private sector involvement, according to the Minister, has had the greatest manifestation in the telecommunications sector and the information and communications technologies (ICT) industries, the under girding platforms for the Internet and electronic business transacted across it.
