Source: Date: Updated: |
TheBahamasInvestor.com
Wednesday, October 12, 2011 Wednesday, October 12, 2011 |
Bahamas Telecommunications Company (BTC) is on track to save over $10 million in operating costs and expects to meet its projected income estimates by the end of the financial year, according to chief executive officer Geoff Houston (pictured).
“We have achieved some significant spend reductions,” said the CEO as he outlined the company’s plan to restructure the business and pass on savings to customers. “We expect that BTC will make a profit this year. Our parent company is very pleased with our performance to date.”
Since Cable & Wireless Communications Plc took ownership of the company in April, BTC has seen a seven per cent increase in traffic on their mobile network, a reduction in dropped calls and positive customer feedback.