Chinese telecoms vendor Datang Telecom Technology (DTT) has held talks to acquire the Guyana government’s 20% stake in local incumbent GT&T, according to media reports.
The local newspaper Stabroek News reported on Friday that talks had already taken…
Chinese telecoms vendor Datang Telecom Technology (DTT) has held talks to acquire the Guyana government’s 20% stake in local incumbent GT&T, according to media reports.
The local newspaper Stabroek News reported on Friday that talks had already taken place between the government and DTT.
The largest shareholder in GT&T is the Massachusetts-based telco Atlantic Tele-Network (ATN), which holds an 80% stake.
GT&T was formed after a privatisation process in the early 1990s, which saw ATN taking its 80% stake. GT&T started operations in 1991 and now provides fixed and mobile telecoms services.
The reports come after the government submitted a new telecommunications bill to the parliament in July.
Amongst the measures of this new bill, which is yet to be fully approved, was a proposal to take away GT&T’s monopoly on international voice and data services.
It also planned to create a new telecoms regulator.
Lee Slap, senior VP and General Counsel at ATN, told TelecomFinance that “we are not privy to what, if any, conversations [the Guyana government] may be having with third parties”.
