Bluewater deadline on BTC purchase is today

By CANDIA DAMES, Guardian News Editor The company in talks with the Bahamas Telecommunications Company privatization committee has until the end of today to prove its financial fitness and provide certain documents or it faces losing involvement in any serious effort to buy BTC, The Nassau Guardian understands. According to Guardian sources, there remain concerns about whether Bluewater can actually afford to buy a 51 percent stake in the government-owned company, and whether it has the capability to operate BTC based on a proven record of telecom operations. But Bluewater's Bahamian attorney, Philip "Brave" Davis, assured yesterday, "My clients are ready, willing and able to complete the transaction." However, Davis said that he could not go into any details about the confidential negotiations or correspondence. An official... [read full story]