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

Jersey Telecom - Sale Proposition.

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A decision made (08/10/2007) regarding: Proposed sale of Jersey Telecom.

Decision Reference: MD-TR-2007-0105

Decision Summary Title:

Lodging Jersey Telecom Sale Proposition - GRCB

Date of Decision Summary:

8th October 2007

Decision Summary Author:

George Butler – Strategic Investments Manager

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Oral

Person Giving

Oral Report:

Ian Black – Treasurer of the States

Written Report

Title:

NA

Date of Written Report:

NA

Written Report Author:

NA

Written Report :

Public or Exempt?

NA


Subject:

Proposed sale of Jersey Telecom


Decision(s):

The Minister approved the proposals for the sale of Jersey Telecom to be lodged au Greffe.


Reason(s) for Decision:

To enable proposals for the sale of Jersey Telecom to be lodged au Greffe for States debate.


Resource Implications:

Significant fees will be incurred progressing the sale process. If the States agrees to the sale of Jersey Telecom these fees will be offset against the sale proceeds. If the States does not ultimately decide to sell Jersey Telecom the fees will have to be written off and either financed from within approved budgets or through an additional charge to the Consolidated Fund. There are no manpower implications arising from this proposal.


Action required:

To send the report and proposition regarding the sale of Jersey Telecom to the States Greffe and request that it be lodged for debate by the States.

Signature:

Position: Senator Terry Le Sueur, Treasury and Resources Minister

Date Signed: 8th October 2007

Date of Decision: 8th October 2007

Jersey Telecom - Sale Proposition.
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