Cautionary Tale for Barbados – How the MASSY|TSTT Merger Affects Us
The following blog by Afra Raymond is instructive for Barbadians because Trinidad and Tobago has implemented transparency legislation. Based on the many critiques by Afra of the integrity and transparency variety that have occurred in the T&T space, clearly the legislation has not efficiently served to deliver on the intent and the benefit to a society to hold public and private officials accountable.
What can we learn from the T&T experience so far?
TSTT’s share purchase agreement, announced on 2 May 2017, to buy Massy Communications Ltd has provoked a great deal of sceptical or negative public comment. I will not attempt a critique of that deal since it is well beyond my scope: in any case, the basic details have not been disclosed. We have been told that the price is $255M and that the deal is conditional upon the approval of the Telecommunications Authority of T&T (TATT).
Read the full text of Afra Raymond’s blog – How the Massy – TSTT Merger Affects Us