News

URCA Board Urges Restraint and Reiterates Integrity of the Institution and Its People

The URCA Board is alarmed and disappointed at the recent attacks on the integrity of the Utilities Regulation and Competition Authority (URCA) and its CEO, Mr Usman Saadat. URCA urges all interested and well meaning members of the public to desist from unproductive and damaging behaviour or unsubstantiated public comments and instead concentrate objectively on the core issues. Mr. Wayne Aranha, the Chairperson of URCA therefore issues a press release in this regard. The press release can be viewed by downloading the PDF document below: Downloads URCA Board Urges Restraint and Reiterates Integrity of the Institution and Its People

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URCA Board Strongly Refutes Allegations of Conflict

An article appeared in The Nassau Guardian on the 23rd of February 2011, alleging that a Cable & Wireless (“C&W”) Executive is an URCA advisor. The article makes reference to URCA’s on-going role as the competition authority responsible for reviewing and adjudicating on the transaction to privatise BTC, and questions URCA’s integrity in relation to its performance of that function. URCA’s Board issues a press release in response. The press release can be viewed by downloading the PDF document below: Downloads URCA Board Strongly Refutes Allegations of Conflict

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URCA Issues Adjudication on the Merger of Systems Resource Group Limited and Cable Bahamas Ltd.

Today, URCA issued its Adjudication on the Merger of Systems Resource Group Limited (SRG) and Cable Bahamas Ltd. (CBL). The Press Release for the Adjudication can be viewed by downloading the PDF document below: Downloads URCA Board Strongly Refutes Allegations of Conflict URCA Issues Adjudication on the Merger of Systems Resource Group Limited and Cable Bahamas Ltd.

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