GT&T plugging $60M into UG over three years

L-R – GT&T’s Chief Financial Officer Justin Nedd, GT&T CEO Mr. R.K Sharma, UG’s Vice Chancellor Prof. Jacob  Opadeyi and UG’s Registrar Mr. Vincent Alexander at yesterday’s signing. (GT&T photo)

-biggest commitment by company to any agency

A $60 million MoU signed yesterday between UG and GT&T will fund capital works, the provision of two Mbs of dedicated bandwidth, retooling and refurbishing of the computer laboratory, and several other projects over a three-year period.

During the signing ceremony, which took place in the Education Lecture Theatre (ELT) of the University of Guyana (UG), Radha Krishna Sharma, CEO of Guyana Telephone & Telegraph Company (GT&T), said that $20 million will be released to the university annually each year until 2017.

He noted that the agreement represents the highest dollar-value commitment the company has made to any agency, adding that the contribution stemmed from the