A "bobolee" of Telecommunications Authority of T&T (TATT) chairman Selby Wilson was the centrepiece at a protest demonstration by the Communications Workers Union (CWU) outside the agency's Barataria offices yesterday.In an early observance of the local Good Friday tradition, members of the union kicked, punched and even battered the "bobolee" with a stick to express their opposition to TATT's approval of the acquisition of Columbus International by Cable and Wireless Communications (CWC).
"At this current time TATT has effectively sold out the national patrimony," CWU secretary general Joseph Remy said.He questioned the change of decision by TATT between March 12 and March 26.On March 12, TATT expressed concern about adverse effects stemming from CWC's 49 per cent stake the Telecommunication Services of T&T (TSTT). However, less than two weeks later, the regulatory announced that approval had been given to CWC after the company agreed to divest its shares at TSTT within 12 months.
"TATT has condoned conflict of interest. Cable and Wireless applied for this acquisition while they were on the board of TSTT," Remy said."We are demanding that a probe be launched into the process utilised by TATT to arrive at their change in position."He also questioned the agreement between the National Enterprise Limited (NEL) considering shareholders were not informed of the details.
"We will continue to protest publicly. We are examining our legal options right now. We believe that the telecommunications industry in T&T has been sold for 30 pieces of silver by Selby Wilson and his cohorts at TATT," he saidIn letters addressed to Prime Minister Kamla Persad-Bissessar, Finance Minister Larry Howai and Kenny Lue Chee Lip, chairman of National Enterprises Limited, the CWU claimed there was a lack of transparency in TATT's approval of the merger, resulting in the national patrimony being sold out "without due care and consideration."
CWU also raised questions about the conditions set out by TATT for CWC to dispose of its 49 per cent shareholding in TSTT.
TATT responds
TATT CEO Cris Seecharan, who spoke with reporters following the CWU protest, said approval of the CWC/Columbus merger will lead to more vibrant competition in the telecommunication industry. He said this will benefit customers"We did thorough analysis, both economic and legal, before granting approval and we don't see how this could negatively affect consumers," he said.
Seecharan said TATT had given CWC 12 months to divest its shares in TSTT and during that time it will not be in TSTT's boardroom and will not have anything to do with the company's decisions.