Chinese Datang Group could be ‘mystery’ buyer for government’s GT&T shares

Datend Office Complex, Beijing, China

Industry sources have told Stabroek Business that the Chinese telecommunications company Datang Telecom Technology & Industry Group could be favoured by government to acquire its 20 per cent shareholding in GT&T, which it had indicated an interest in selling some time ago.

Datang is one of China’s showpiece hi-tech companies that specializes in the development, production and sale of electronic information systems and equipment. Founded in 1999, the company is reportedly managed by the state-run Assets Supervision and Administration Commission of the State Council.

Stabroek Business has learnt that discussions have already taken place and these have centred around a buying price for the government’s shares in the Atlantic-Tele Network (ATN) majority-owned company. According to information reaching this newspaper, the