Massy cuts telecoms losses with TSTT buyout

(Trinidad Express) Massy Group chairman Robert Bermudez has said after the sale of Massy

Robert Bermudez

Communica­tions to majority State-owned TSTT, the com­pany “will exit the telecommunications in-dustry, avoiding further losses from this business and signifi­cant capital expen­di­ture which would be re­quired to build out a complete fibre-to-the-home (FTTH) network”.

The statement is contained in the unaudited financial statement for the six months ended March 31, 2017, published in newspapers on Saturday.

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