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Leader of the Peoples National Congress Reform Robert Corbin has made good on his promise to seek a suspension of the decision by the government to dispose of its 20 per cent of shares owned in the Guyana Telephone and Telegraph Company.With the recommencement of the sitting of the National Assembly tomorrow there is a motion in the name of the opposition leader where he is seeking to have the National Assembly call on the Government of Guyana to suspend the decision to dispose of its 20 per cent shareholding in GT&T until the review is completed by the appointed professional group.The group Corbin refers to is also catered for in his motion as he is seeking to have the House call on the government to appoint an objective professional group to assess the Cost/benefit to the people of Guyana,Wholesale NFL Jerseys, of sale versus retention of the shares.According to Corbin’s motion,NFL Jerseys Store, “should the review group recommend that the shares be disposed of,Womens White NFL Jerseys, the first option for disposal of these shares should be to the workers of the Company. Thereafter a transparent process, to be publicly announced, should be followed for the disposal of the said shares or for such number of the shares not bought by the workers of the Company.”Corbin’s resolution comes in light of the fact that Guyana has benefited from the operations of the Company to the tune of millions of dollars in taxes and dividends from the Company, reported in 2008 to be as high as $1.5B in taxes and $265M in dividends and approximately US$1M to US$4M annually.He is also of the opinion that the 20 per cent ownership in GT&T did not in any way inhibit or prevent the Guyana Government from permitting other telecommunications and internet operators from doing business in Guyana as is evident from the continued operation of DIGICEL, for several years now in Guyana.Ever since the announcement of the disposal of the assets at GT&T by the Government Corbin had questioned the motive whilst promising an investigation by his party, given that the retention of Government’s 20 per cent shareholding in GT&T has facilitated a significant stream of revenues in the form of dividends to the people of Guyana,NFL Jerseys Outlet, not withstanding the existence of other competing telecommunication operators in Guyana.Corbin is on record as saying that it is questionable that the government,Adidas Superstar Shoes On Sale, especially in the current economic downturn, globally, would want to sell a source of significant revenue.According to Corbin, one such reason could very well be,Authentic China Jerseys, that it is resorting to transactions aimed at benefiting friends and would be engaging in deals that would not be transparent.The PNCR and main Opposition Leader did say that the party was going to undertake an investigation as to why the Government would want to sell a source of revenue.On May 7, last it was announced that government has offered to sell its 20 percent shares in the Guyana Telephone and Telegraph Company (GT&T).
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