NICIL still negotiating with Chinese co. over US$5M owed for GTT shares

The National Industrial and Commercial Invest-ments Limited (NICIL) is currently still engaged in negotiations with Hong Kong Golden Telecom Limited (HKGT) to settle the Chinese company’s remaining payment for its purchase of government shares in the Guyana Telephone and Telegraph Company (GTT).

“I hope we will reach a decision this year,” NICIL Chief Executive Officer Horace James told Stabroek News during a brief comment at his office last Wednesday.

In March last year, Minister of State Joseph Harmon and a delegation controversially travelled to China to engage in discussions with regard to the payment of the US$5 million balance owed to the government for the purchase of 20% of GTT shares by Chinese company Datang Telecom Technology and Industry Group, ….


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