Minister Geerlings says UTS share sale to pay off arrears and retroactive payments for justice workers. | SMN News

PHILIPSBURG:— On Monday September 9, Sint Maarten’s 12.5 per cent share of United Telecommunications Services (UTS) was acquired by Liberty Latin America Ltd. (LLA).

The governments of Curaçao and St. Maarten held stakes in UTS of 87.5 per cent and 12.5 per cent, respectively. In March this year, LLA acquired Curaçao’s 87.5 per cent of UTS and the acquisition of the remaining 12.5 per cent now results in LLA owning 100 per cent of UTS.

Minister Geerlings said that the sale of shares means an additional cash flow for government which will be used

To read more: http://www.smn-news.com/st-maarten-st-martin-news/32826-minister-geerlings-says-uts-share-sale-to-pay-off-arrears-and-retroactive-payments-for-justice-workers.html