Richardson hopes to merge TelEm and UTSPOSTED: 03/2/15 11:54 PM
GREATBAY—The government of St. Maarten, through share holder representative Minister of Justice Dennis Richardson has reiterated interest in buying the shares of UTS, and is interested in merging that company’s activities with TelEm. According to Minister Richardson having UTS Eastern Caribbean operations handed over to St. Maarten would be mutually beneficial to all parties involved.
In 2012 St. Maarten requested that UTS Eastern Caribbean Operations be handed over, while it would relinquish its shares in the parent company of UTS. St. Maarten contributes to a large portion of UTS revenues, but with the current arrangement, most of the infrastructural investments are made in Curacao. This causes St. Maarten to lag behind Curacao, a situation that is not acceptable to the local government. “The gap is increasing daily and that is not fair to St. Maarten,” Minister Richardson said in a press release Friday.
Minister Richardson sees no reason why the sale should negatively impact the relationship between Curacao and St. Maarten and considers it a pity that the decision on the sale is taking very long.