The Telecommunications Services of Trinidad and Tobago says its decision to commission an independent Audit Report of the Oracle Universal License Agreement negotiations and present a full report to the company’s Board of Directors is a firm demonstration of good corporate governance and accountability.
In a media release TSTT explained that the issues were thoroughly discussed, ratified and approved by the Board.
The state-owned company has confirmed that it will be closing nine of its retail stores. TSTT has however assured that there would be no job losses as a result.
TSTT points out that it remains dismayed but not surprised by what it describes as the Communication Workers Union’s ongoing misrepresentations about the company’s operations.