Amidst the controversy that has arisen over the disposal of government’s 20 per cent shares in the Guyana Telephone & Telegraph Company (GTT), Director of the National Industrial and Commercial Investments Limited (NICIL) Winston Brassington has told Stabroek Business that government got more than it might have otherwise expected for the sale of its shares to the Chinese technology company Datang.
In an e-mail to this newspaper, Brassington said that, in fact, the Chinese company has received what he described as “a paltry 1 per cent per annum” as a return on its investment in the local telecommunications company having already completed payment of the vast majority of the overall amount agreed on the sale.
In his e-mail Brassington concedes that the new owners of the 20 per cent stake in the company are yet to
