Guyana’s push for improved telecommunications infrastructure and e-governance connectivity along with its secure geopolitical environment and stable currency rate make it an ideal investment destination. This is according to Justin Nedd, Chief Executive Officer (CEO) of the American owned Guyana Telephone and Telegraph Company (GTT).
He was speaking at the time on doing business in Guyana, as part of a panel discussion at the just concluded Guyana International Petroleum Exhibition and Summit (GIPEX 2018) held at the Marriott Hotel in Georgetown.
Providing the hundreds of delegates with an overview of the business experience locally, the GTT CEO said the fact that the telephone company has been operating in Guyana for 27 years points to the country’s stability. “The treatment of investors; I would say being here 27 years is testimony to being able to invest and invest for the long term.”
Addressing hundreds of potential investors gathered for the summit, Nedd remarked that the US owned Telephone Company has operated under three successive administrations.
“We are still going and still going strong…We have had support from all three administrations.”
According to Nedd, “doing business in Guyana, I am very encouraged, not because I am Guyanese; I see movement from the sector.”
He noted too that GTT has been working closely with the Ministry of Telecommunications in order to modernize doing business in Guyana, “so when businesses come here, over time, they will experience modern services.”
Vouching for the investment landscape the GTT CEO used the opportunity to point to Guyana’s stable currency rate, hedged against the US dollar.
He had earlier in the day during a formal presentation, outlined options available for investors looking to get involved with local companies or invest in Guyana, to anticipate a modernized mode of business.
He impressed on the delegates the numerous services and reach of the telephone company, supported by redundant submarine cables routed between Guyana, Trinidad and Tobago, Suriname, French Guiana, Brazil and North America, concomitantly the rest of the world.