Brassington made these remarks during an interview with the National Communications Network (NCN) following the company’s annual shareholders’ meeting.
“We formally indicated to ATN that we would like to sell our 20 percent share in GT&T and we are first offering it to ATN. Should ATN decline to buy our shares, we would then seek to sell it to third parties,” Brassington said.
He said Government has been contemplating this decision for a while now.
“We have indicated to ATN that if they wish not to buy our shares, then we reserve the right to sell it to third parties. GT&T is an extremely profitable company; last year the profit after tax exceeded $4B from the year before, so we believe that our shares are valuable.”