Published On: Tue, Oct 27th, 2015

UTS continues to believe in CTEX project

CTEXdatacenterWILLEMSTAD – The local telecommunication company UTS continues to believe in the datacenter Curaçao Technology Exchange (CTEX). This was emphasized by the UTS Director, Paul de Geus. De Geus also denied that UTS will take over all the shares in the ailing CTEX.

It has been reported in the media recently that UTS is working on a deal to buy out other shareholders. According to De Geus, this is only one of the options being studied by the telecommunications company at this time.

He emphasized that UTS only wants the assurance that they money they have invested in CTEX will be earned back.

Since the departure of the former chief executive Anthony de Lima the government’s company has been pumping cash in CTEX in order to run the daily operation. Since its start in 2014, the company has been struggling with financial problems. At that time, an amount of 28 million dollars was needed for the establishment of CTEX.

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