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Bahamas: Btc Suffers $30m Blow From Dorian

The Bahamas Telecommunications Company (BTC) has been dealt a $30m blow by Hurricane Dorian with network repairs set to last into 2020, it was revealed last night.

The carrier’s ultimate parent, Liberty Latin America (LiLAC), disclosed that BTC suffered a $5m revenue loss for the three months to end-September 2019 as well as incurring some $25m in damages to systems infrastructure in Grand Bahama and Abaco as a result of the category five storm.

Unveiling its results for the third quarter and first nine months of 2019, Liberty Latin America said some $5m was spent on restoring BTC’s services prior to end-September when the third quarter reporting period closed.

It added that Dorian also delivered an $8m hit to the operating cash flow of Cable & Wireless Communications (CWC), BTC’s immediate parent and a Liberty subsidiary, while the latter was also forced into a $14m one-time write off of property and communications equipment that Dorian “damaged beyond repair”.

Garfield “Garry” Sinclair, BTC’s chief executive, could not be reached for comment before press deadline last night. However, Liberty Latin America revealed in its results announcement: “In the third quarter we spent $5m on restoration related to damage caused by Hurricane Dorian in The Bahamas.

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