The Utilities Regulation & Competition Authority (URCA) has reportedly criticised the June 18, 2012 network outage suggesting a "lack of preventative maintenance and a failure to provide for adequate redundancy and contingencies in its network design."
The Tribune business report noted on Thursday past that when majority ownership of BTC was purchased by Cable and Wireless (CWC) "it had limited geographic redundancy".
So let me get this straight, when CWC bought majority shares the previous owners (the government) did not have proper redundancy coverage?
The irony of all this is the telephone outage was caused by a major power failure by the government owned electricity company, the Bahamas Electricity Corporation (BEC).
I wonder if URCA will ever get around to "investigating" why we have so many electricity outages?
As an aside, the present government (PLP) were threatening to "take" majority ownership back during the recent elections when they were the opposition. That was the election time rhetoric. Now, they are the government more reasoned pronouncements are being made about the remote possibility that the government can even afford to buy the shares back. Maybe the reality of a country with an out of proportion debt to GDP and excessive government spending has finally set in?