Bahamian society must make a decision on crime
tribune242 editorial
THE hard working police force are today in the unenviable position of being "damned if you do, and damned if you don't."
The public wants the criminal removed from the streets. However, when he is removed, the next word the police have is that he's out on bail, up to more mischief, and the chase starts all over again. The public wants guns removed from society, yet society wants selective justice applied to those who are caught with an unlicensed firearm. On the other hand, the police want tougher sentences. For example, in England possession of an unlicensed firearm could mean five years in prison.
Police know that firearms are brought in on boats, even pleasure craft. "However, when we go to search these boats, we are accused of harassing boaters," said one officer, "so we back off, but we know that there are guns aboard those boats."
In other words society can't have its cake and eat it too. If they want the country cleared of illegal guns, the police will have to be free to search, and the courts should be obliged to prosecute.
For example, the police were criticised for the precautions they took to protect the House, the Prime Minister, MPs and members of the public during the recent Bay Street demonstrations against the sale of BTC to Cable & Wireless. They were condemned for bringing the dogs out "against the people." However, if something had gone wrong they would have been criticised -- and investigated -- for not having taken every possible precaution to anticipate an emergency.
A spokesperson for the various groups said that the objective was to stage a peaceful demonstration, however, some protesters were in a "militant" mood. And it was that mood -- with threats of creating a "small Egypt" -- that made the police prepare for the worst.
Despite the unions' attempts to insist that it was a union demonstration, the unions' presence was obliterated by political activists. However, Fox Hill MP Fred Mitchell made no bones about what the demonstration was all about. The fight to have BTC remain in Bahamian hands is a political one, he said, and all who oppose the sale of the company to Cable and Wireless should band together.
Senator Dion Foulkes, speaking in the Senate, said that several "PLP MPs, ratified candidate and senior party officers were active in that demonstration which became extremely unruly and if it were not for the fine men and women of the Royal Bahamas Police Force, Bahamians could have been hurt, indeed, one person was hurt: Mr Capron, who later publicly thanked the police for coming to his aid."
Mr Foulkes identified "Melanie Griffin, Bernard Nottage, Ryan Pinder, Alfred Gray, Obie Wilchcombe and Barbara Pierre, Secretary General of the PLP and former PLP Chairman Minky Isaacs" as among those at the rally.
"Shane Gibson," he said, "who the night before the demonstration was seen all over the southwest of New Providence on the back of a truck with a blow horn telling people to come to Bay Street.
"I suspect that they have distanced themselves from this demonstration because it was a total and absolute flop," said the senator.
Mr Mitchell also criticised government for "attacking" union leaders at that demonstration, who, he said, are "simply acting in the best interests of their members."
Mr Mitchell conveniently forgets the three-week teachers strike of 1981 -- under the Pindling government -- when teachers were also trying to improve the conditions in the schools and raise the standard of the teaching profession. Not only were the police and the dogs brought out against the teachers, but there were snipers on the various roof tops with a fire engine standing by, possibly to use the water hoses in case of an emergency. Several teachers were arrested. Opposition Leader Norman Solomon told members in the House on January 7, 1981 that the reason they were discussing the teachers' strike in the House that day was because it was facing a "certain amount of insurrection" below in the public square. He blamed it on "14 years of continuous mismanagement of the economy."
"Those were the days," said a teacher who had participated in the strike, "when professionals of similar qualifications in the civil service were making 30 per cent more than their counterparts in the teaching profession."
The former teacher said that when the teachers decided to strike in 1981 they did so for what they believed in, fully realising the consequences of their actions. Their pay was docked for the full three weeks of the strike. They did not complain, because when they decided to strike they knew that it meant loss of pay.
Today the BTC unions withdrew their labour, fully knowing the consequences, but not expecting government to take any action against them. The teacher failed to understand their reasoning or why they should condemn government for enforcing the rules. They withdrew their labour. If they were sincere in their protest, they should have expected not to have been paid.
It is the same with the police. Bahamians want society to be crime free, but they do not want to suffer the consequences of having a family member, who is causing some of the problems, suffer the consequences. It is now up to Bahamians to decide what they really want.
They cannot have a crime free society while harbouring the criminal in the bosom of the family. The Tribune has great respect for those families who take one of their own to the police station to "turn him in." Those are the families who are the Bahamas' solid citizens - it is a pity that there are not more like them. It is only then that the Bahamas will have any hope of reducing its crime rate.
April 12, 2011
tribune242 editorial
A political blog about Bahamian politics in The Bahamas, Bahamian Politicans - and the entire Bahamas political lot. Bahamian Blogger Dennis Dames keeps you updated on the political news and views throughout the islands of The Bahamas without fear or favor. Bahamian Politicians and the Bahamian Political Arena: Updates one Post at a time on Bahamas Politics and Bahamas Politicans; and their local, regional and international policies and perspectives.
Wednesday, April 13, 2011
Tuesday, April 12, 2011
Cable and Wireless Communications (CWC) has found no friend in the Perry Gladstone Christie lead Progressive Liberal Party (PLP)
Undoing the BTC deal
By CANDIA DAMES
Guardian News Editor
candia@nasguard.com
Could it be done?
Officials of Cable and Wireless Communications (CWC) appear to have their work cut out for them.
In addition to delivering on all they and the government promised in the months and weeks leading up to the recent controversial closing of the Bahamas Telecommunications Company (BTC) privatization process, they must convince hundreds of BTC workers that CWC is not the enemy, but a caring employer and strategic partner in every sense.
That may be a tough task, but perhaps not an impossible one.
Accepting the defeat that has been handed to them, BTC union leaders have met with CWC representatives to try to iron out the best arrangements for their jittery members.
While it may reach agreement with the previously enraged unions, what is clear is that CWC has found no friend in the Progressive Liberal Party, and if its leader, Perry Gladstone Christie, delivers on what he promises if he wins the next general election, CWC could face more problems that it bargained for.
But that’s if Christie wins, and if he follows through on his warning to undo this deal.
The former prime minister issued the threat to CWC on several occasions, most recently a week ago as the company and the government were preparing to finalize the transaction.
“This is a bad deal,” Christie said.
“The deal stinks and the PLP remains committed to regaining this asset for the Bahamian people and allow the Bahamian public to have a full and public view of the entirety of this transaction.”
But while Christie is sure he would undo the deal, he apparently has not yet settled on how it would be achieved.
Each time he threatened to change the terms of the deal, we carried the warning, but there really was never any indication about what steps he would take to deliver on this promise if he forms the next government.
So National Review decided to ask him.
Christie revealed that he would seek advice from lawyers because it would have to be done legally, of course.
“The mechanics will have to be left to the kind of advice we will get on the matter,” he told us.
“I’m not prepared to comment on those matters.”
Three PLP parliamentarians who are lawyers also told us they are not prepared to speak behind the leader.
One of them said, “We won’t get our messages mixed up on this one.”
So what really would be Christie’s options on this?
Thomas Evans, QC, was not intimately involved in the BTC deal, but has vast knowledge of the law and commercial transactions.
“Because they are the government I suppose they can do whatever they choose,” said Evans, speaking generally about governments.
Evans recalled years back when he was in the Office of the Attorney General.
He was bold enough to write to the government and advise it could not do something.
“I was very quickly rebuffed and told ‘Look, we’re the government. We can do whatever we feel like doing’. That’s true, but there are consequences for certain things that they do.”
Evans pointed out that if one party reneges on an obligation that it assumes in entering a contract, then that violates and encroaches on the other party, and that other party is entitled to sue and recover damages for whatever loss is incurred as a result of the breach.
“So, while the government could go ahead and not perform an obligation which it assumed, there are consequences,” he repeated.
PENALTIES
Another lawyer close to the PLP suggested to us that one way in which a new Christie administration could force a deal change is by reducing the three-year exclusivity period for cellular service.
“CWC would have to determine how that would affect its commercial interest because the deal may no longer be viable,” noted the lawyer who did not want to be named.
“It may give them a commercial impetus to say rather than just paying us the penalty we want out of the entire deal.”
But that would call for hefty penalties.
In its agreement with CWC, the government has agreed “to pay to the purchaser such amount as is equal to the loss, expense, damage or other liability (calculated on the same basis as would be used for determining damages for breach of contract) incurred by the purchaser which arises as a result of a second cellular license being issued prior to the third anniversary of completion, and/or a second and third cellular license being issued prior to the fifth anniversary of completion.”
Under the agreement, the government has agreed to pay CWC $100 million if one or more additional cellular licenses are issued within the next year.
It would have to pay $80 million if one or more licences are issued within the next two years and it would have to pay $40 million if it issues one or more licenses within the next three years.
If the government issues a third cellular license after the third anniversary of the closing of the sale, but prior to the fifth anniversary of completion, it would be subject to a $20 million penalty.
So it would seem unlikely that the Christie administration might want to go this route, but given that Christie has not yet received advice from lawyers, that of course remains unclear.
Evans said if the government decides to go to Cable and Wireless asking for two percent of the shares back, it would likely have great difficulty “because you’ve got a deal.”
“Once a contract has been entered into between two parties it can’t be changed unless you have the consent of both parties,” he explained.
“It can’t be altered. One person can’t unilaterally alter the terms of the contract, even if you are the government.
“So, Cable and Wireless would say ‘Look, the deal I have is a deal. I acquired 51 percent. That’s what I wanted. I am not interested in 49 percent, and I’m just not going to agree.
“I don’t know that there’s any way that the government, even though they’re the government, would be able to compel Cable and Wireless to agree to surrender their two percent.”
Evans said the fact that a new party takes over the government doesn’t change the obligations that were assumed by the previous party because the government is the government.
“A party doesn’t make the government even though the constitution says that after an election the prime minister is the person who is the leader of the party that has the majority in Parliament.
“To that extent there’s a measure of connection between the government and a political party. But the point I’m seeking to make is that the government is the government.”
TAX FRUSTRATIONS
When he spoke in the House of Assembly recently, Golden Gates MP Shane Gibson, who served as a minister in the Christie Cabinet, noted that there are all sorts of creative ways in which a PLP government could pull the rug from under CWC.
Gibson — who served as president of the Bahamas Communications and Public Officers Union (BCPOU) during initial attempts to privatize the then BaTelCo in the 1990s — expanded on those comments when he spoke with us for this piece.
“Obviously Cable and Wireless would have gotten what they consider to be an air-tight agreement from the government,” he said.
“And they are making it very difficult to introduce competition [any time soon] and they are making it difficult to have any other operator come in here, and making it difficult for a new government to be in a position to force them back to the table.
“As I said in Parliament, there are many ways that you can force a company like Cable and Wireless back to the table.
“We can tax them on certain aspects of their income; tax them on certain areas of the different services that they provide. For instance, we could put a special tax on mobile services. They’re the only one who provide mobile services in The Bahamas.
“So we tax them 15, 20 or 30 percent on mobile services, so there are many ways.”
Gibson had another idea.
“If we’re in charge of URCA (the Utilities Regulation and Competition Authority), we could have discussions with URCA and make sure that individuals at URCA, advise them, or encourage them not to allow them (CWC) to go up on rates to offset taxes that they would have on certain parts of income.”
But given that URCA is an independent regulator, that too appears unlikely.
Gibson said that at the end of the day “it is known that the Bahamian public wants nothing to do with Cable and Wireless and they want BTC back in the hands of Bahamians.”
He said Bahamians have been running BTC for decades and “at the end of the day they almost feel that we are going back 100 years”.
“Once certain members of any elite group decide that they want to purchase, whether it is a property or a company, it is very difficult to persuade them to give it back to the people that it belongs to,” Gibson said.
“So it’s important to put it back in the hands of the people.”
CONSTITUTIONAL CONSIDERATIONS
We also asked prominent attorney Brian Moree how Christie might be able to get BTC back in the hands of the people, if he is re-elected.
Moree, who had no involvement in the BTC deal, said given the very strong and very direct comments from Christie, one would assume that he has a legal basis for making those statements.
“It would be surprising that that position would be adopted unless they had the benefit of some advice to suggest that the transaction could be impeached or reversed if they were elected,” Moree said.
“Generally speaking, if you’re going to challenge a transaction of that sort retrospectively or after the event, one would have to look to see if there were any constitutional issues, which would be relevant and whether proceedings on the public law side of the court could be commenced, either by way of judicial review or some other process.”
Constitutional issues were raised by one respondent when URCA was considering the BTC/CWC deal.
That respondent asserted that the proposed exclusivity of the licensee is ultra vires the Constitution of The Bahamas.
The respondent stated that URCA cannot be party to an unconstitutional result and should require the applicants to address the question as to whether or not the exclusivity arrangement offends the Constitution.
URCA said it was aware of discussion of this issue by the Judicial Committee of the Privy Council in the Marpin Case2, a Dominican case in which the Judicial Committee held that a monopoly to control a means of communications can amount to a hindrance of freedom of expression, provided that it is proven that the restriction exceeds that which is reasonably justifiable in a democratic society.
URCA noted that the Committee in that case did not make any conclusive finding, but referred the issue back to the Dominican courts for a consideration of the particular facts in the context of the above test.
“In any event, constitutional issues, such as this, are highly complex and would properly involve significant judicial scrutiny of the facts surrounding the challenged decision. URCA is not the appropriate forum to consider matters of constitutionality of legislation in The Bahamas, and is therefore not competent to determine this point,” URCA said.
Supporters of Christie’s plan to take back a controlling interest in BTC point to similar action taken by Prime Minister of Belize Dean Barrow who in 2009 brought legislation to nationalize Belize Telemedia Limited (BTL) in the public interest.
Barrow promised “fair and proper compensation” and said the move against BTL was not “some cowboy action, but something done in the full plentitude of, and compliance with, our constitution.”
INVESTOR CONFIDENCE
Moree said a degree of responsibility must be attributed to people in public life who make statements concerning these serious matters.
“That is why I said that I assume persons have obtained legal advice to support the position which they have adopted,” he said.
“I’m not aware of that legal advice, so I would not want to speculate.”
While he did not speculate, Moree raised the issue of investor confidence.
“The Bahamas as a sovereign country [must] acknowledge that there has to be a continuity of governance regardless of which political party is in power at any point in time,” he said.
“And when persons are dealing with the Government of The Bahamas, they have to have a level of confidence that their dealings — assuming that they’re lawful and they’re proper and there has been no corruption — they need to have the confidence that if they deal with the government which happens to be the FNM one day, that their transactions aren’t going to be the subject of litigation if another party comes in...”
Gibson said the Christie government has no problem with foreign investors, but is concerned about safeguarding national assets.
“If you look around and you try to identify one single project that this FNM government would have brought to The Bahamas since coming to office in 2007, I don’t think you could do that,” Gibsons aid.
“All of the projects that they are sitting and smiling over right now were projects that were initiated under the Progressive Liberal Party administration.
“And so, we’re not anti-foreign investors. We are anti-Cable and Wireless.”
Gibson said many Bahamians would have welcomed AT&T or T-Mobile, but not as majority shareholders.
“We’re not talking about foreign investors; we’re talking about this specific deal with Cable and Wireless, which seems to be the greatest giveaway ever in the history of The Bahamas,” the MP said.
PLPs would no doubt point to the instances where the Ingraham administration, upon assuming office in 2007 undid some of the deals left in place by the Christie-led government.
The straw market deal, incidentally, which was undone by Ingraham, remains unresolved with some of the professionals who had agreements with the government still waiting to be paid.
Of course, there were no such agreements on the magnitude of the BTC deal, but those actions by the new government led to the popular ‘stop, review and cancel’ phrase tossed about by PLP politicians.
When they took over last week, CWC executives seemed unbothered by Christie’s threats.
“In terms of our operations with government, we have a number of operations with governments across the globe in which we have very successful relations with them,” said Gerard Borely, chief financial officer of LIME, CWC’s regional arm.
“And we have successful relationships with governments no matter who is in power. The reason for that is because we deliver value and service to our consumers and governments, value that they appreciate. And we expect that to continue to be [the case] here.”
4/11/2011
thenassauguardian
By CANDIA DAMES
Guardian News Editor
candia@nasguard.com
Could it be done?
Officials of Cable and Wireless Communications (CWC) appear to have their work cut out for them.
In addition to delivering on all they and the government promised in the months and weeks leading up to the recent controversial closing of the Bahamas Telecommunications Company (BTC) privatization process, they must convince hundreds of BTC workers that CWC is not the enemy, but a caring employer and strategic partner in every sense.
That may be a tough task, but perhaps not an impossible one.
Accepting the defeat that has been handed to them, BTC union leaders have met with CWC representatives to try to iron out the best arrangements for their jittery members.
While it may reach agreement with the previously enraged unions, what is clear is that CWC has found no friend in the Progressive Liberal Party, and if its leader, Perry Gladstone Christie, delivers on what he promises if he wins the next general election, CWC could face more problems that it bargained for.
But that’s if Christie wins, and if he follows through on his warning to undo this deal.
The former prime minister issued the threat to CWC on several occasions, most recently a week ago as the company and the government were preparing to finalize the transaction.
“This is a bad deal,” Christie said.
“The deal stinks and the PLP remains committed to regaining this asset for the Bahamian people and allow the Bahamian public to have a full and public view of the entirety of this transaction.”
But while Christie is sure he would undo the deal, he apparently has not yet settled on how it would be achieved.
Each time he threatened to change the terms of the deal, we carried the warning, but there really was never any indication about what steps he would take to deliver on this promise if he forms the next government.
So National Review decided to ask him.
Christie revealed that he would seek advice from lawyers because it would have to be done legally, of course.
“The mechanics will have to be left to the kind of advice we will get on the matter,” he told us.
“I’m not prepared to comment on those matters.”
Three PLP parliamentarians who are lawyers also told us they are not prepared to speak behind the leader.
One of them said, “We won’t get our messages mixed up on this one.”
So what really would be Christie’s options on this?
Thomas Evans, QC, was not intimately involved in the BTC deal, but has vast knowledge of the law and commercial transactions.
“Because they are the government I suppose they can do whatever they choose,” said Evans, speaking generally about governments.
Evans recalled years back when he was in the Office of the Attorney General.
He was bold enough to write to the government and advise it could not do something.
“I was very quickly rebuffed and told ‘Look, we’re the government. We can do whatever we feel like doing’. That’s true, but there are consequences for certain things that they do.”
Evans pointed out that if one party reneges on an obligation that it assumes in entering a contract, then that violates and encroaches on the other party, and that other party is entitled to sue and recover damages for whatever loss is incurred as a result of the breach.
“So, while the government could go ahead and not perform an obligation which it assumed, there are consequences,” he repeated.
PENALTIES
Another lawyer close to the PLP suggested to us that one way in which a new Christie administration could force a deal change is by reducing the three-year exclusivity period for cellular service.
“CWC would have to determine how that would affect its commercial interest because the deal may no longer be viable,” noted the lawyer who did not want to be named.
“It may give them a commercial impetus to say rather than just paying us the penalty we want out of the entire deal.”
But that would call for hefty penalties.
In its agreement with CWC, the government has agreed “to pay to the purchaser such amount as is equal to the loss, expense, damage or other liability (calculated on the same basis as would be used for determining damages for breach of contract) incurred by the purchaser which arises as a result of a second cellular license being issued prior to the third anniversary of completion, and/or a second and third cellular license being issued prior to the fifth anniversary of completion.”
Under the agreement, the government has agreed to pay CWC $100 million if one or more additional cellular licenses are issued within the next year.
It would have to pay $80 million if one or more licences are issued within the next two years and it would have to pay $40 million if it issues one or more licenses within the next three years.
If the government issues a third cellular license after the third anniversary of the closing of the sale, but prior to the fifth anniversary of completion, it would be subject to a $20 million penalty.
So it would seem unlikely that the Christie administration might want to go this route, but given that Christie has not yet received advice from lawyers, that of course remains unclear.
Evans said if the government decides to go to Cable and Wireless asking for two percent of the shares back, it would likely have great difficulty “because you’ve got a deal.”
“Once a contract has been entered into between two parties it can’t be changed unless you have the consent of both parties,” he explained.
“It can’t be altered. One person can’t unilaterally alter the terms of the contract, even if you are the government.
“So, Cable and Wireless would say ‘Look, the deal I have is a deal. I acquired 51 percent. That’s what I wanted. I am not interested in 49 percent, and I’m just not going to agree.
“I don’t know that there’s any way that the government, even though they’re the government, would be able to compel Cable and Wireless to agree to surrender their two percent.”
Evans said the fact that a new party takes over the government doesn’t change the obligations that were assumed by the previous party because the government is the government.
“A party doesn’t make the government even though the constitution says that after an election the prime minister is the person who is the leader of the party that has the majority in Parliament.
“To that extent there’s a measure of connection between the government and a political party. But the point I’m seeking to make is that the government is the government.”
TAX FRUSTRATIONS
When he spoke in the House of Assembly recently, Golden Gates MP Shane Gibson, who served as a minister in the Christie Cabinet, noted that there are all sorts of creative ways in which a PLP government could pull the rug from under CWC.
Gibson — who served as president of the Bahamas Communications and Public Officers Union (BCPOU) during initial attempts to privatize the then BaTelCo in the 1990s — expanded on those comments when he spoke with us for this piece.
“Obviously Cable and Wireless would have gotten what they consider to be an air-tight agreement from the government,” he said.
“And they are making it very difficult to introduce competition [any time soon] and they are making it difficult to have any other operator come in here, and making it difficult for a new government to be in a position to force them back to the table.
“As I said in Parliament, there are many ways that you can force a company like Cable and Wireless back to the table.
“We can tax them on certain aspects of their income; tax them on certain areas of the different services that they provide. For instance, we could put a special tax on mobile services. They’re the only one who provide mobile services in The Bahamas.
“So we tax them 15, 20 or 30 percent on mobile services, so there are many ways.”
Gibson had another idea.
“If we’re in charge of URCA (the Utilities Regulation and Competition Authority), we could have discussions with URCA and make sure that individuals at URCA, advise them, or encourage them not to allow them (CWC) to go up on rates to offset taxes that they would have on certain parts of income.”
But given that URCA is an independent regulator, that too appears unlikely.
Gibson said that at the end of the day “it is known that the Bahamian public wants nothing to do with Cable and Wireless and they want BTC back in the hands of Bahamians.”
He said Bahamians have been running BTC for decades and “at the end of the day they almost feel that we are going back 100 years”.
“Once certain members of any elite group decide that they want to purchase, whether it is a property or a company, it is very difficult to persuade them to give it back to the people that it belongs to,” Gibson said.
“So it’s important to put it back in the hands of the people.”
CONSTITUTIONAL CONSIDERATIONS
We also asked prominent attorney Brian Moree how Christie might be able to get BTC back in the hands of the people, if he is re-elected.
Moree, who had no involvement in the BTC deal, said given the very strong and very direct comments from Christie, one would assume that he has a legal basis for making those statements.
“It would be surprising that that position would be adopted unless they had the benefit of some advice to suggest that the transaction could be impeached or reversed if they were elected,” Moree said.
“Generally speaking, if you’re going to challenge a transaction of that sort retrospectively or after the event, one would have to look to see if there were any constitutional issues, which would be relevant and whether proceedings on the public law side of the court could be commenced, either by way of judicial review or some other process.”
Constitutional issues were raised by one respondent when URCA was considering the BTC/CWC deal.
That respondent asserted that the proposed exclusivity of the licensee is ultra vires the Constitution of The Bahamas.
The respondent stated that URCA cannot be party to an unconstitutional result and should require the applicants to address the question as to whether or not the exclusivity arrangement offends the Constitution.
URCA said it was aware of discussion of this issue by the Judicial Committee of the Privy Council in the Marpin Case2, a Dominican case in which the Judicial Committee held that a monopoly to control a means of communications can amount to a hindrance of freedom of expression, provided that it is proven that the restriction exceeds that which is reasonably justifiable in a democratic society.
URCA noted that the Committee in that case did not make any conclusive finding, but referred the issue back to the Dominican courts for a consideration of the particular facts in the context of the above test.
“In any event, constitutional issues, such as this, are highly complex and would properly involve significant judicial scrutiny of the facts surrounding the challenged decision. URCA is not the appropriate forum to consider matters of constitutionality of legislation in The Bahamas, and is therefore not competent to determine this point,” URCA said.
Supporters of Christie’s plan to take back a controlling interest in BTC point to similar action taken by Prime Minister of Belize Dean Barrow who in 2009 brought legislation to nationalize Belize Telemedia Limited (BTL) in the public interest.
Barrow promised “fair and proper compensation” and said the move against BTL was not “some cowboy action, but something done in the full plentitude of, and compliance with, our constitution.”
INVESTOR CONFIDENCE
Moree said a degree of responsibility must be attributed to people in public life who make statements concerning these serious matters.
“That is why I said that I assume persons have obtained legal advice to support the position which they have adopted,” he said.
“I’m not aware of that legal advice, so I would not want to speculate.”
While he did not speculate, Moree raised the issue of investor confidence.
“The Bahamas as a sovereign country [must] acknowledge that there has to be a continuity of governance regardless of which political party is in power at any point in time,” he said.
“And when persons are dealing with the Government of The Bahamas, they have to have a level of confidence that their dealings — assuming that they’re lawful and they’re proper and there has been no corruption — they need to have the confidence that if they deal with the government which happens to be the FNM one day, that their transactions aren’t going to be the subject of litigation if another party comes in...”
Gibson said the Christie government has no problem with foreign investors, but is concerned about safeguarding national assets.
“If you look around and you try to identify one single project that this FNM government would have brought to The Bahamas since coming to office in 2007, I don’t think you could do that,” Gibsons aid.
“All of the projects that they are sitting and smiling over right now were projects that were initiated under the Progressive Liberal Party administration.
“And so, we’re not anti-foreign investors. We are anti-Cable and Wireless.”
Gibson said many Bahamians would have welcomed AT&T or T-Mobile, but not as majority shareholders.
“We’re not talking about foreign investors; we’re talking about this specific deal with Cable and Wireless, which seems to be the greatest giveaway ever in the history of The Bahamas,” the MP said.
PLPs would no doubt point to the instances where the Ingraham administration, upon assuming office in 2007 undid some of the deals left in place by the Christie-led government.
The straw market deal, incidentally, which was undone by Ingraham, remains unresolved with some of the professionals who had agreements with the government still waiting to be paid.
Of course, there were no such agreements on the magnitude of the BTC deal, but those actions by the new government led to the popular ‘stop, review and cancel’ phrase tossed about by PLP politicians.
When they took over last week, CWC executives seemed unbothered by Christie’s threats.
“In terms of our operations with government, we have a number of operations with governments across the globe in which we have very successful relations with them,” said Gerard Borely, chief financial officer of LIME, CWC’s regional arm.
“And we have successful relationships with governments no matter who is in power. The reason for that is because we deliver value and service to our consumers and governments, value that they appreciate. And we expect that to continue to be [the case] here.”
4/11/2011
thenassauguardian
Monday, April 11, 2011
Branville McCartney says: ...move this, our beloved country, forward toward the future of empowerment that has been promised to us for almost 40 years
Branville McCartney
Press Release –
10th April, 2011
I would like to take this opportunity to thank the Right Honorable Prime Minister for his support and assistance over the years, particularly in support of me as the representative for Bamboo Town in 2007, as well as the Junior Minister of Tourism and Aviation and the Minister of State for Immigration. During my term, I represented the government and the Bahamian people to the best of my ability. I did those things that I believed were agreed upon by the present government. I know that I did my best. I have no regrets, and may have further comments in the future.
However, for now, I am humbled and honored by the overwhelming show of love and support that I have received from Bahamians of all walks of life, at home and abroad, particularly those in the great constituency of Bamboo Town, since my resignation from the Free National Movement.
In recent days, I have also been overcome with humility by the growing number of people who have come forward to express their interest in working along with me to move this, our beloved country, forward toward the future of empowerment that has been promised to us for almost 40 years.
I do want the public to know, as I noted in my address to the House of Assembly on the 23rd March 2011, that when I entered public life, I did so because I saw Bahamian families who were beginning to feel trapped and powerless in a society that appeared to be imploding all around them. I did so because I recognized a force of complacency in our youth, brought on by years of neglect and disrespect, which was draining them of all self- respect to the point that they were, and still are, failing out of society in larger numbers than ever before. I said that I was motivated by the idea that I could possibly be one of a new generation of public servants who could offer a clear vision of meaningful change and be that difference when it came to shaping the future direction of what is, potentially, the greatest nation in the world. I want the Bahamian public to know that my intentions remain the same and I remain steadfast and committed to that purpose.
As I also noted in the House of Assembly on that day, I remain steadfast to ensuring that our society, from Grand Bahama to Inagua, Long Island to Rum Cay, from Bain Town to my beloved constituency of Bamboo Town, will continue, on an even greater scale, to be a society free from the forces of complacency, oppression, insensitivity, bitterness, and self-doubt – a society where people will feel safe and secure both in and out of their homes; a place where people will feel like people again. As I continue my work in this vein, I again wish to thank the many people of our great country for their encouragement.
To the people of Bamboo Town and The Bahamas, when you next hear from me publicly, I will not be alone in presenting a real vision and mission plan for our country that will speak to your desires, your dreams, and your possibilities.
Like America, who against all odds elected its first Black President; like Trinidad, with its first female Prime Minister; and like Haiti, electing “underdog” musician Michel Martelly as President, it is my utmost belief that together, as a people united, Bahamians and The Bahamas, will join other countries around the world in redefining what is possible.
I ask all to remain encouraged and know that I am using my time away wisely and creatively to ensure that the next government of The Bahamas will be prepared to represent them well, by putting together a plan that will once again put people first.
I close with a paraphrased version of 2 Corinthians 4:16-18:
Therefore, do not lose heart. Although, as a country, outwardly we are wasting away, inwardly we are being renewed day by day. These momentary troubles are achieving for us an eternal greatness that will far out-weigh all the troubles we are experiencing now. So fix your eyes not on what you see, but on what is yet to be seen.
Continue to keep me, my family, and our beloved country in your prayers.
Bahamas Blog International
Press Release –
10th April, 2011
I would like to take this opportunity to thank the Right Honorable Prime Minister for his support and assistance over the years, particularly in support of me as the representative for Bamboo Town in 2007, as well as the Junior Minister of Tourism and Aviation and the Minister of State for Immigration. During my term, I represented the government and the Bahamian people to the best of my ability. I did those things that I believed were agreed upon by the present government. I know that I did my best. I have no regrets, and may have further comments in the future.
However, for now, I am humbled and honored by the overwhelming show of love and support that I have received from Bahamians of all walks of life, at home and abroad, particularly those in the great constituency of Bamboo Town, since my resignation from the Free National Movement.
In recent days, I have also been overcome with humility by the growing number of people who have come forward to express their interest in working along with me to move this, our beloved country, forward toward the future of empowerment that has been promised to us for almost 40 years.
I do want the public to know, as I noted in my address to the House of Assembly on the 23rd March 2011, that when I entered public life, I did so because I saw Bahamian families who were beginning to feel trapped and powerless in a society that appeared to be imploding all around them. I did so because I recognized a force of complacency in our youth, brought on by years of neglect and disrespect, which was draining them of all self- respect to the point that they were, and still are, failing out of society in larger numbers than ever before. I said that I was motivated by the idea that I could possibly be one of a new generation of public servants who could offer a clear vision of meaningful change and be that difference when it came to shaping the future direction of what is, potentially, the greatest nation in the world. I want the Bahamian public to know that my intentions remain the same and I remain steadfast and committed to that purpose.
As I also noted in the House of Assembly on that day, I remain steadfast to ensuring that our society, from Grand Bahama to Inagua, Long Island to Rum Cay, from Bain Town to my beloved constituency of Bamboo Town, will continue, on an even greater scale, to be a society free from the forces of complacency, oppression, insensitivity, bitterness, and self-doubt – a society where people will feel safe and secure both in and out of their homes; a place where people will feel like people again. As I continue my work in this vein, I again wish to thank the many people of our great country for their encouragement.
To the people of Bamboo Town and The Bahamas, when you next hear from me publicly, I will not be alone in presenting a real vision and mission plan for our country that will speak to your desires, your dreams, and your possibilities.
Like America, who against all odds elected its first Black President; like Trinidad, with its first female Prime Minister; and like Haiti, electing “underdog” musician Michel Martelly as President, it is my utmost belief that together, as a people united, Bahamians and The Bahamas, will join other countries around the world in redefining what is possible.
I ask all to remain encouraged and know that I am using my time away wisely and creatively to ensure that the next government of The Bahamas will be prepared to represent them well, by putting together a plan that will once again put people first.
I close with a paraphrased version of 2 Corinthians 4:16-18:
Therefore, do not lose heart. Although, as a country, outwardly we are wasting away, inwardly we are being renewed day by day. These momentary troubles are achieving for us an eternal greatness that will far out-weigh all the troubles we are experiencing now. So fix your eyes not on what you see, but on what is yet to be seen.
Continue to keep me, my family, and our beloved country in your prayers.
Bahamas Blog International
...amend the Securities Industry Bill to provide more protection for minority investors in private companies...
Top bankers back calls for greater investor protection
By NEIL HARTNELL
Tribune Business Editor
TOP Bahamian investment bankers have backed calls for enhanced protection for minority shareholders to be extended to all private companies who solicit investors via Private Placement Memorandums (PPMs), especially when it comes to the provision of audited financial statements.
Owen Bethel, head of Nassau-based Montaque Group, urged all public and private companies with minority investors to assess their corporate governance and maintain positive relationships with all shareholders, arguing that all equity holders should have access to data on their investment's performance.
And Kenwood Kerr, Providence Advisors' chief executive, agreed that "to maintain the integrity of the market" there needed to be "adequate disclosure and reporting requirements", so that public and private company investors knew every detail on their investments.
Their calls come after a retired Bahamas-based accountant, Bill Hogg, complained in a 12-page letter to Attorney General John Delaney about the alleged "shabby treatment" he and his wife received from Galleria Cinemas, arguing that they were denied access to any audited financial statements on how the company was performing for a decade after investing in its two Private Placement Memorandums (PPMs) in the mid-1990s.
Now, the sentiments expressed by Messrs Bethel and Kerr are likely to increase the pressure on the Government to further tighten protection for minority investors in the new Securities Industry Act and accompanying regulations, which are set to be debated by Parliament this week.
Mr Bethel declined to comment directly on the contents of the Hoggs' letter, given that the Montaque Group is still Galleria's registrar and transfer agent.
However, he told Tribune Business: "Certainly, the call for new legislation is timely, and could certainly assist with the rights of minority shareholders in private offerings.
"The investor relationships across the board in all entities that offer shares to the public, in one form or another, is something all these companies in their corporate governance should be looking at, and intending to have positive relationships with their investors."
He added: "We are pleased that the matter was ultimately resolved, and hope the Hoggs, despite their experience, are satisfied with the final outcome.
"Certainly, any person who goes into an investment should have some protective rights in terms of the information that they will be provided with to be able to gauge and assess their investment."
Mr Kerr concurred, telling Tribune Business: "Their should be adequate disclosure and reporting requirements to these persons. I think it's important to maintain the integrity of the marketplace. There should be something in place to give them protection."
Yet he added: "The very premise of the market is caveat emptor, buyer beware. You have to be an informed, educated investor. I haven't read the new Act, but at the core of the capital markets is the buyer must beware. You cannot legislate for non-registered participants."
In his letter to Mr Delaney, Mr Hogg wrote: "It cannot be right that a company can refuse to provide minority shareholders with any information on the company should the majority shareholders desire not to do so.
"This is particularly of concern where the shares are issued subsequent to a 'private offering' during which certain financial projections are given. In our case, the amount involved, not to mention the exorbitant cost and well-known experience of delay and frustration when attempting to obtain redress through the court system in the Bahamas did not justify the retention of an attorney. The only remedy in such a case, therefore, appears to be for the minority shareholder to sell their shares. Without the necessary financial information, they are unable to arrive at a proper valuation for the shares, and there is no way that any third party would be interested in buying their shares either. They are left at the mercy of the company with regard to the price offered. My wife will never know whether the price received for her shares was reasonable or not."
Mr Hogg urged Mr Delaney to further amend the Securities Industry Bill to provide more protection for minority investors in private companies, requiring that audited financial statements be sent to all shareholders prior to an AGM "unless waived by all shareholders."
Christopher Mortimer, Galleria's managing director, though, denied the Hoggs' claims, saying: "For the record, I can tell you that the company has fully complied with every requirement as it relates to the law. We are a private company and comply with all aspects of the law."
April 11, 2011
tribune242
By NEIL HARTNELL
Tribune Business Editor
TOP Bahamian investment bankers have backed calls for enhanced protection for minority shareholders to be extended to all private companies who solicit investors via Private Placement Memorandums (PPMs), especially when it comes to the provision of audited financial statements.
Owen Bethel, head of Nassau-based Montaque Group, urged all public and private companies with minority investors to assess their corporate governance and maintain positive relationships with all shareholders, arguing that all equity holders should have access to data on their investment's performance.
And Kenwood Kerr, Providence Advisors' chief executive, agreed that "to maintain the integrity of the market" there needed to be "adequate disclosure and reporting requirements", so that public and private company investors knew every detail on their investments.
Their calls come after a retired Bahamas-based accountant, Bill Hogg, complained in a 12-page letter to Attorney General John Delaney about the alleged "shabby treatment" he and his wife received from Galleria Cinemas, arguing that they were denied access to any audited financial statements on how the company was performing for a decade after investing in its two Private Placement Memorandums (PPMs) in the mid-1990s.
Now, the sentiments expressed by Messrs Bethel and Kerr are likely to increase the pressure on the Government to further tighten protection for minority investors in the new Securities Industry Act and accompanying regulations, which are set to be debated by Parliament this week.
Mr Bethel declined to comment directly on the contents of the Hoggs' letter, given that the Montaque Group is still Galleria's registrar and transfer agent.
However, he told Tribune Business: "Certainly, the call for new legislation is timely, and could certainly assist with the rights of minority shareholders in private offerings.
"The investor relationships across the board in all entities that offer shares to the public, in one form or another, is something all these companies in their corporate governance should be looking at, and intending to have positive relationships with their investors."
He added: "We are pleased that the matter was ultimately resolved, and hope the Hoggs, despite their experience, are satisfied with the final outcome.
"Certainly, any person who goes into an investment should have some protective rights in terms of the information that they will be provided with to be able to gauge and assess their investment."
Mr Kerr concurred, telling Tribune Business: "Their should be adequate disclosure and reporting requirements to these persons. I think it's important to maintain the integrity of the marketplace. There should be something in place to give them protection."
Yet he added: "The very premise of the market is caveat emptor, buyer beware. You have to be an informed, educated investor. I haven't read the new Act, but at the core of the capital markets is the buyer must beware. You cannot legislate for non-registered participants."
In his letter to Mr Delaney, Mr Hogg wrote: "It cannot be right that a company can refuse to provide minority shareholders with any information on the company should the majority shareholders desire not to do so.
"This is particularly of concern where the shares are issued subsequent to a 'private offering' during which certain financial projections are given. In our case, the amount involved, not to mention the exorbitant cost and well-known experience of delay and frustration when attempting to obtain redress through the court system in the Bahamas did not justify the retention of an attorney. The only remedy in such a case, therefore, appears to be for the minority shareholder to sell their shares. Without the necessary financial information, they are unable to arrive at a proper valuation for the shares, and there is no way that any third party would be interested in buying their shares either. They are left at the mercy of the company with regard to the price offered. My wife will never know whether the price received for her shares was reasonable or not."
Mr Hogg urged Mr Delaney to further amend the Securities Industry Bill to provide more protection for minority investors in private companies, requiring that audited financial statements be sent to all shareholders prior to an AGM "unless waived by all shareholders."
Christopher Mortimer, Galleria's managing director, though, denied the Hoggs' claims, saying: "For the record, I can tell you that the company has fully complied with every requirement as it relates to the law. We are a private company and comply with all aspects of the law."
April 11, 2011
tribune242
Sunday, April 10, 2011
Kirk Griffin's thoughts on the union between Cable and Wireless Communications (CWC) and Bahamas Telecommunications Company (BTC)
Kirk Griffin on CWC
IN YOUR OWN WORDS
Former Acting CEO of Bahamas Telecommunications Company (BTC) and newly-appointed advisor to the company Kirk Griffin offered his thoughts on Cable and Wireless Communications.
“I am fortunate to have been at BTC — at the executive level of the company — from the very beginning of the privatization process some 14 years ago. This has given me a unique perspective on the company, the industry and the necessity for BTC to be able to align itself with industry giants that can position BTC where it needs to be.
“I am not reluctant or shy to say that my team members and I at BTC are extremely proud of what we have been able to accomplish. We have consistently been profitable over the years as we have brought modern telecommunications throughout the length and breadth of The Bahamas. Our strengths and successess have been acknowledged by all reasonable observers, including our new colleagues at Cable and Wireless Communications. There can be no question that BTC has done well.
“However, by virtue of its small size, BTC is often disadvantaged because it cannot reach the economies of scale and command best prices from suppliers and vendors. At times, BTC even has difficulty attracting the attention of potential roaming partners as we seek to expand the connectivity of our very own customers across the globe.
“Further, as we all recognize the full liberalization of the telecommunications market is vital for the interests of Bahamian consumers and the vibrancy of the Bahamian economy, for BTC to compete in a fully liberalized market, up against the telecom giants of the world, it is critical that the company partners with a capable and competent global operator. CWC will help position BTC to effectively become and remain the provider of choice for consumers in The Bahamas, in a fully open and competitive marketplace.”
4/8/2011
thenassauguardian
IN YOUR OWN WORDS
Former Acting CEO of Bahamas Telecommunications Company (BTC) and newly-appointed advisor to the company Kirk Griffin offered his thoughts on Cable and Wireless Communications.
“I am fortunate to have been at BTC — at the executive level of the company — from the very beginning of the privatization process some 14 years ago. This has given me a unique perspective on the company, the industry and the necessity for BTC to be able to align itself with industry giants that can position BTC where it needs to be.
“I am not reluctant or shy to say that my team members and I at BTC are extremely proud of what we have been able to accomplish. We have consistently been profitable over the years as we have brought modern telecommunications throughout the length and breadth of The Bahamas. Our strengths and successess have been acknowledged by all reasonable observers, including our new colleagues at Cable and Wireless Communications. There can be no question that BTC has done well.
“However, by virtue of its small size, BTC is often disadvantaged because it cannot reach the economies of scale and command best prices from suppliers and vendors. At times, BTC even has difficulty attracting the attention of potential roaming partners as we seek to expand the connectivity of our very own customers across the globe.
“Further, as we all recognize the full liberalization of the telecommunications market is vital for the interests of Bahamian consumers and the vibrancy of the Bahamian economy, for BTC to compete in a fully liberalized market, up against the telecom giants of the world, it is critical that the company partners with a capable and competent global operator. CWC will help position BTC to effectively become and remain the provider of choice for consumers in The Bahamas, in a fully open and competitive marketplace.”
4/8/2011
thenassauguardian
Friday, April 8, 2011
Two years of high unemployment and tepid economic growth means that Bahamian consumers are less able to absorb the spike in gas prices and its effects
Conserving energy
thenassauguardian editorial
If you have had to fuel up at the gas pump over the last week or so, you have probably noticed that gasoline prices are rapidly on the rise.
A gallon of gas is already over the $5.20 mark in New Providence and over the $6 mark in the Family Islands, and summer’s not even here yet.
U.S. and international energy officials have warned that oil prices — already topping $100 per barrel — will only continue to climb due to volatile conditions in the Middle East and ongoing pressure on world food prices.
Some predict that prices at the local pumps will hit the $6 per gallon mark as the temperature continues to rise.
For residents of the Family Islands the situation is even more disconcerting. Most have longer distances to drive in the well-spread out settlements, and with maybe the exception of Abaco, most of those communities have lower income levels.
Higher gas prices in a country like The Bahamas that depends on imports to survive means higher electricity and food bills — and just about higher everything else.
Higher gas prices will also take dollars away from people who have already had to become accustomed to living with less as the economy struggles to recover from a deep global economic recession.
Two years of high unemployment and tepid economic growth means that consumers are less able to absorb the spike in gas prices and its effects.
The airlines that bring in our tourists who support our major economic pillar will no doubt be looking to raise their fares to compensate for the higher fuel prices.
This could mean that fewer people dreaming of a vacation in The Bahamas may have to shelve plans, again, because of higher ticket prices.
It would be a shame if high gas prices put a brake on the fragile economic recovery.
The most recent figures from the Department of Statistics show that the average retail price of gasoline and diesel rose by 23.8 percent and by 14.1 percent. The Bahamas Electricity Corporation’s average fuel surcharge has also increased by 36.8 percent.
It’s a situation that the government is monitoring very closely. Not only do high gas prices present obvious implications for domestic gasoline, electricity and food prices, but it also impacts the government’s fiscal position and the broader economy.
“As necessary, the government, the private sector and consumers will need to implement appropriate conservation measures to minimize the impact,” Prime Minister Hubert Ingraham said recently.
The government has launched a national energy efficiency program, and has completed an energy audit of some of its buildings and facilities, and plans to implement the recommendations of that report. As a part of the program, 270,000 Compact Florescent Lightbulbs will be distributed nationwide over the next two months.
What else can be done to soften the impact of the blow that higher oil prices will deliver to our economy?
What is the status of the implementation of the National Energy Policy’s recommendations on how a more sustainable energy mix could be attained in The Bahamas to reduce the country’s almost 100 percent reliance on oil imports?
The government should implement sooner rather than later a detailed energy plan which should include some basic elements that could be introduced fairly rapidly to help the public meet the challenge of skyrocketing energy prices.
One step forward in this regard could be the improvement to the public transportation system to make it more reliable and accessible to a larger number of users.
Individuals must also do their part to conserve energy, such as car-pooling and making sure that fans, lights and TVs are turned off when not in use.
4/7/2011
thenassauguardian editorial
thenassauguardian editorial
If you have had to fuel up at the gas pump over the last week or so, you have probably noticed that gasoline prices are rapidly on the rise.
A gallon of gas is already over the $5.20 mark in New Providence and over the $6 mark in the Family Islands, and summer’s not even here yet.
U.S. and international energy officials have warned that oil prices — already topping $100 per barrel — will only continue to climb due to volatile conditions in the Middle East and ongoing pressure on world food prices.
Some predict that prices at the local pumps will hit the $6 per gallon mark as the temperature continues to rise.
For residents of the Family Islands the situation is even more disconcerting. Most have longer distances to drive in the well-spread out settlements, and with maybe the exception of Abaco, most of those communities have lower income levels.
Higher gas prices in a country like The Bahamas that depends on imports to survive means higher electricity and food bills — and just about higher everything else.
Higher gas prices will also take dollars away from people who have already had to become accustomed to living with less as the economy struggles to recover from a deep global economic recession.
Two years of high unemployment and tepid economic growth means that consumers are less able to absorb the spike in gas prices and its effects.
The airlines that bring in our tourists who support our major economic pillar will no doubt be looking to raise their fares to compensate for the higher fuel prices.
This could mean that fewer people dreaming of a vacation in The Bahamas may have to shelve plans, again, because of higher ticket prices.
It would be a shame if high gas prices put a brake on the fragile economic recovery.
The most recent figures from the Department of Statistics show that the average retail price of gasoline and diesel rose by 23.8 percent and by 14.1 percent. The Bahamas Electricity Corporation’s average fuel surcharge has also increased by 36.8 percent.
It’s a situation that the government is monitoring very closely. Not only do high gas prices present obvious implications for domestic gasoline, electricity and food prices, but it also impacts the government’s fiscal position and the broader economy.
“As necessary, the government, the private sector and consumers will need to implement appropriate conservation measures to minimize the impact,” Prime Minister Hubert Ingraham said recently.
The government has launched a national energy efficiency program, and has completed an energy audit of some of its buildings and facilities, and plans to implement the recommendations of that report. As a part of the program, 270,000 Compact Florescent Lightbulbs will be distributed nationwide over the next two months.
What else can be done to soften the impact of the blow that higher oil prices will deliver to our economy?
What is the status of the implementation of the National Energy Policy’s recommendations on how a more sustainable energy mix could be attained in The Bahamas to reduce the country’s almost 100 percent reliance on oil imports?
The government should implement sooner rather than later a detailed energy plan which should include some basic elements that could be introduced fairly rapidly to help the public meet the challenge of skyrocketing energy prices.
One step forward in this regard could be the improvement to the public transportation system to make it more reliable and accessible to a larger number of users.
Individuals must also do their part to conserve energy, such as car-pooling and making sure that fans, lights and TVs are turned off when not in use.
4/7/2011
thenassauguardian editorial
Thursday, April 7, 2011
Bahamas Telecommunications Company (BTC) is now a private company... It's now time to put down the placards and help build a telecommunications network of which all Bahamians can be proud
BTC has new owners. Time to move on
tribune242 editorial
AFTER 14 long years of starts, stops, demonstrations and a few hiccups, Bahamas Telecommunications Company is now a private company.
The much disputed sale agreement was finally signed in the Cabinet office yesterday with a prediction by the new owners that a "new era" in the Bahamas telecommunications sector is on the horizon.
Cable and Wireless Communications, a London-based worldwide communications company, now owns 51 per cent of BTC for which it paid Government $210 million in full and $14.3 million in kind and cash completion dividends from BTC.
Early this year Prime Minister Hubert Ingraham, who had said that the money was earmarked for construction of the new hospital, announced that because of the economic downturn the payment would now have to go directly to the reduction of the national debt. The new owners will be protected from predators for the next three years in which time they will prepare the company with a more efficient staff and upgraded technology to face competition -- the first in its long history.
Only three years after Alexander Graham Bell invented the telephone in 1876, telephonic communications arrived in New Providence on a limited scale. It was from this invention that Cable Beach got its name when in 1892 an undersea cable was laid from Jupiter, Florida, to New Providence, surfacing at what is now Goodman's Bay. The small police barracks was constructed nearby in 1894 and had telephone contact with its stations in Grants Town and the Eastern District.
In 1924 the Nassau Telephone directory -- measuring 8" by 41/2", less than a quarter of an inch thick with 11 pages -- had 584 subscribers. It looked like a gentleman's brown leather wallet.
In case of a fire, Bahamians called 45, the Governor's office at Government House was 1, the Attorney General's chambers were 7, the Treasury 139 and The Tribune 260.
The little book advised constant practice of eight specified rules to receive good telephone service. The final rule was to "let the telephone reflect your personality in as pleasing a manner as though you were talking face to face." The booklet closed with the warning: "Do not use the telephone during lightning storms." The directory was printed by the City Press.
Look at the Bahamas' telephone directory today with its separate edition for the yellow pages for advertising and appreciate how far we have progressed from 1924 in the world of telecommunications.
In 1938 many changes were made to the department, chief of which was the switch over from the manual dial to the automated dial system. At this time it was known as the Telecommunications Department or Telecoms.
Later it became The Bahamas Telecommunications Corporation and most recently, in preparation for privatisation, it was transformed from a corporation to a company -- The Bahamas Telecommunications Company. Over the years BTC has done well. However, the Bahamas with its limited resources has developed the company as far as it can. It now needs a strong strategic partner to give it a global footprint.
The new technology is mind-boggling with the ability to switch to cellular towers from mobile phones. These cell sites are able to transmit vast amounts of data over the airwaves -- now almost too fast for man to assimilate. It provides instant communication, the results of which one can see daily on TV as the youth of backward nations demand that their governments move into the modern age. Instant telecommunications -- Blackberrys, iPods, Facebook and Twitter -- have informed them of how the rest of the world lives, and they want to join the band.
"BTC has posted strong revenues and profits in the past largely as a result of the very lack of competition that has led to the high fees that have kept Bahamians at the mercy of a monopoly, allowing BTC to generate strong profits despite its very high operating expenses," Mr Ingraham told the House in a Communication as the privatisation debate opened. "If BTC were exposed to competition tomorrow in mobile services, it would likely not survive. There is no way it could compete with a lean and aggressive competitor entering this market with a low cost base and aggressive marketing budget.
"We need," he said, "to give Bahamians competitive communications, but at the same time we want BTC to survive and prosper as a company preserving as many jobs as we can, to be a company that Bahamians can be proud to work for, to buy from and to have an ownership stake in."
It's now time to put down the placards and help build a telecommunications network of which all Bahamians can be proud.
April 07, 2011
tribune242 editorial
tribune242 editorial
AFTER 14 long years of starts, stops, demonstrations and a few hiccups, Bahamas Telecommunications Company is now a private company.
The much disputed sale agreement was finally signed in the Cabinet office yesterday with a prediction by the new owners that a "new era" in the Bahamas telecommunications sector is on the horizon.
Cable and Wireless Communications, a London-based worldwide communications company, now owns 51 per cent of BTC for which it paid Government $210 million in full and $14.3 million in kind and cash completion dividends from BTC.
Early this year Prime Minister Hubert Ingraham, who had said that the money was earmarked for construction of the new hospital, announced that because of the economic downturn the payment would now have to go directly to the reduction of the national debt. The new owners will be protected from predators for the next three years in which time they will prepare the company with a more efficient staff and upgraded technology to face competition -- the first in its long history.
Only three years after Alexander Graham Bell invented the telephone in 1876, telephonic communications arrived in New Providence on a limited scale. It was from this invention that Cable Beach got its name when in 1892 an undersea cable was laid from Jupiter, Florida, to New Providence, surfacing at what is now Goodman's Bay. The small police barracks was constructed nearby in 1894 and had telephone contact with its stations in Grants Town and the Eastern District.
In 1924 the Nassau Telephone directory -- measuring 8" by 41/2", less than a quarter of an inch thick with 11 pages -- had 584 subscribers. It looked like a gentleman's brown leather wallet.
In case of a fire, Bahamians called 45, the Governor's office at Government House was 1, the Attorney General's chambers were 7, the Treasury 139 and The Tribune 260.
The little book advised constant practice of eight specified rules to receive good telephone service. The final rule was to "let the telephone reflect your personality in as pleasing a manner as though you were talking face to face." The booklet closed with the warning: "Do not use the telephone during lightning storms." The directory was printed by the City Press.
Look at the Bahamas' telephone directory today with its separate edition for the yellow pages for advertising and appreciate how far we have progressed from 1924 in the world of telecommunications.
In 1938 many changes were made to the department, chief of which was the switch over from the manual dial to the automated dial system. At this time it was known as the Telecommunications Department or Telecoms.
Later it became The Bahamas Telecommunications Corporation and most recently, in preparation for privatisation, it was transformed from a corporation to a company -- The Bahamas Telecommunications Company. Over the years BTC has done well. However, the Bahamas with its limited resources has developed the company as far as it can. It now needs a strong strategic partner to give it a global footprint.
The new technology is mind-boggling with the ability to switch to cellular towers from mobile phones. These cell sites are able to transmit vast amounts of data over the airwaves -- now almost too fast for man to assimilate. It provides instant communication, the results of which one can see daily on TV as the youth of backward nations demand that their governments move into the modern age. Instant telecommunications -- Blackberrys, iPods, Facebook and Twitter -- have informed them of how the rest of the world lives, and they want to join the band.
"BTC has posted strong revenues and profits in the past largely as a result of the very lack of competition that has led to the high fees that have kept Bahamians at the mercy of a monopoly, allowing BTC to generate strong profits despite its very high operating expenses," Mr Ingraham told the House in a Communication as the privatisation debate opened. "If BTC were exposed to competition tomorrow in mobile services, it would likely not survive. There is no way it could compete with a lean and aggressive competitor entering this market with a low cost base and aggressive marketing budget.
"We need," he said, "to give Bahamians competitive communications, but at the same time we want BTC to survive and prosper as a company preserving as many jobs as we can, to be a company that Bahamians can be proud to work for, to buy from and to have an ownership stake in."
It's now time to put down the placards and help build a telecommunications network of which all Bahamians can be proud.
April 07, 2011
tribune242 editorial
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