Cabinet seeks information on TSTT/Massy deal

Finance Minister Colm Imbert and Minister in the Office of the Prime Minister Stuart Young said this at yesterday’s post-Cabinet news conference at the Diplomatic Centre in St Ann’s.

At a public inquiry held by the Public Accounts Enterprises Committee (PAEC) at Tower D of the Port-of-Spain International Waterfront Centre on Wednesday, TSTT chairman Emile Elias declined to provide PAEC chairman Wade Mark and committee member David Small with particulars of the agreement.

“This is actually something that is currently being looked at by the Cabinet,” Young said.

Asked if Cabinet knew about the decision by TSTT to acquire Massy Communications, Imbert replied, “It depends on the decision.” Imbert continued, “We are going to ask TSTT to explain to us exactly what are the implications of that decision.” He explained the information which Cabinet is seeking will determine whether this is a governance, operational or policy matter.

Imbert said it will also clarify how this affects Government’s policy for the continuation of TSTT, especially in relation to the acquisition of a company and its associated personnel. He said once Cabinet has all the information and is able to analyse it, it will make a decision in due course.