Newly elected Bahamas Prime Minister Perry Christie has defended the decision of his administration to regain majority control of the Bahamas Telephone Company that had been privatized and sold by the former administration to the telecommunication giant, Cable and Wireless in 2010.
US-based international credit rating agency, Moodys Investors, said that regaining majority shares will not only drive up government debt but also raises questions about just how the new administration will go
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