Satisfactory first quarter
The Guyana Telephone and Telegraph Company, generally referred to as GT&T, was formed in 1991 after the Government of Guyana (GOG) under the late President Desmond Hoyte sold an 80 per cent share of the state-owned entity Guyana Telecommunications Corporation (GTC) to Atlantic Tele-Network, or ATN. The remaining shares were retained by the Guyana Government.
The sale gave ATN, and by inference GT&T, exclusive rights to provide domestic wireline local and long distance service in Guyana for 20 years. It also gave it the exclusive right to sell, lease, or service various kinds of telecommunications equipment. At the same time, GT&T received a non-exclusive license to provide cellular radio telephone service in the country for an equal length of time. During the 20-year period
