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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Treasury Minister Confirms Sale of Jersey Telecom is best for the Island

19 December 2006

Treasury and Resources Department - For immediate Release
15 December 2006


Treasury Minister Senator Terry Le Sueur today wrote to States Members with an end-of-year update on his proposals for the potential sale of Jersey Telecom.

The Senator confirmed his view following initial advice was that a sale of Jersey Telecom would be good for the company, its customers and the Island. The best form of a sale is yet to be determined and is the subject of intensive work by a team of specialists.

Commenting today, Senator Le Sueur said:

“I intend to put my detailed proposals to the States in February of next year. I am confident my advisers, in consultation with the stakeholders, will assist me in bringing forward the best option for the States to decide upon.”

- Ends -

For more information contact Senator Terry Le Sueur, Minister for Treasury and Resources, telephone 863994, or Ian Black, States Treasurer, telephone 440215.

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