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BTC Releases Statement On Work Stoppage

BTC Releases Statement On Work Stoppage

BTC has released a statement in reference to the work stoppage this morning, the full statement from Mr. Edgar Dill, Acting CEO, The Bermuda Telephone Company Ltd. follows below: At approximately 8am today The Bermuda Telephone Company Limited (BTC) experienced an illegal work stoppage by the Bermuda Industrial Union members and latterly by the Bermuda... Read more of this article

Keytech: Net Income $6.3 Million For 2009/10

Keytech: Net Income $6.3 Million For 2009/10

KeyTech, whose subsidiaries include The Bermuda Telephone Company, Logic Communications, M3 Wireless, and the Bermuda Yellow Pages, have announced a net income for 2009/10 of $6.3 million, which is down down $4.2 million over the prior year. Keytech attributes the decline to a drop in BTC’s fixed line voice business and a $2.1 million decline in value... Read more of this article

Bermuda Telephone Company to Cut 25 Jobs

Bermuda Telephone Company to Cut 25 Jobs

One of Bermuda’s foremost employers, Bermuda Telephone Company [BTC] has announced plans to cut approximately 25 jobs in an effort to reduce costs as part of a restructuring plan. The decision was made as a result of loss of revenue associated with land lines. President and CEO Francis Mussenden said the decline in land line business was created... Read more of this article