GT&T plugs GUY$60 M into University of Guyana

Last Updated on Saturday, 26 December 2015, 20:59 by GxMedia

Left to Right: GT&T’s Chief Financial Officer Justin Nedd, GT&T CEO Mr. R.K Sharma, UG’s Vice Chancellor Prof. Jacob Opadeyi and UG’s Registrar Mr. Vincent Alexander.

The Guyana Telephone and Telegraph Company (GT&) on Wednesday announced that it will be plugging GUY$60 million into the cash-strapped University of Guyana

To help that institution in Information Communications Technology (ICT) and other areas.

“As we at GT & T reviewed  our contribution to the various sectors of our social  economy, we felt that support to this premier educational institution  should be a priority as we recognize that such support benefits a wide cross section of students,” said the phone company’s Chief Executive Officer (CEO_), Radha Krishna at the signing of the Memorandum with the tertiary institution at Cara Lodge, Quamina Street, Georgetwn

He said GUY$20 million would be used to fund various projects at UG from April 2014 to April 2017 annually in several areas. Of that amount GUY$4.4 million would be given to UG for it to spend on capital works identified by the university.

GT&T intends fund the retooling and refurbishing of the Centre for Information Technology (CIT) including replacing the 57 computers to the total amount of GUY$10 million. GT&T has supplied a similar number of computers and other equipment to the CIT in 2004.

UG is also expected to be provide 2 Megabits of dedicated Internet bandwidth to the CIT at an overall cost of GUY$1.2 million annually as well as additional equipment such as a router and access point to enhance he delivery and distribution of the bandwidth.

The phone company’s boss  said GT&T would provide a closed user group service package to UG’ss administrative staff with a view of offering savings and greater value for money.

Work Study and internship opportunities, Sharma said, would continue.

It is the coming together of Guyana ‘s premier educational institution and The country ‘s premier telecommunication provider in the forging of a new relationship as we seek to institutionalize  the support we have given to the university in the past and  build on that and offer greater support,” said Sharma.