“Today marks a historical moment for the telecommunications industry in Trinidad and Tobago in general and for the management, staff and all stakeholders of TSTT in particular.”- Dr. Ronald Walcott, CEO – TSTT.
TSTT- Trinidad and Tobago’s state owned telecommunications network is today promising its customers and employees big things, following an agreement signing with Massy Communications which sees the company enter into a Share Purchase Agreement (SPA), in which TSTT will purchase 100% shareholding of Massy Communications Ltd. The move was made public this afternoon during a press conference held at the Hyatt Regency Hotel in Trinidad.
In 2016, TSTT secured $1.9B in financing to create a Fibre to the Home (FTTH) solution throughout all of Trinidad and Tobago, including areas where Massy had already built out a robust network. This purchase will allow TSTT to have immediate access to an additional 34,000 homes passed with fibre. These homes are located in Diego Martin, Port of Spain, Trincity, Arima and San Fernando. This agreement therefore means that TSTT now has the benefit of incorporating these customers into its existing infrastructure.
TSTT says the agreement will make both companies stronger and more efficient in delivering on their strategic imperatives, by delivering the most technologically advanced broadband and HD TV solution to customers, along with what it promises will be exceptional customer service support. The company adds, “citizens of Trinidad & Tobago will now have access to fast, consistent, reliable, market leading internet speeds.”