Tuesday 1 December, 2020

TSTT to buy Massy Communications

State-owned telecommunications company TSTT announced a 100 percent Share Purchase Agreement of Massy Communications at a media briefing on Tuesday.

The buyout was made at a cost of $255 million.

The move will allow for shared access to each other's networks, the release said.

The agreement includes "all of Massy Communications infrastructure relating to both its enterprise and consumer networks, all existing enterprise and retail customers and the entire operational and business support systems". 

The deal adds 34,000 homes and a Fibre to the Home system to TSTT's network.

The agreement is subject to approval by the Telecommunications Authority of Trinidad and Tobago (TATT).

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