WILLEMSTAD - According to earlier reports, the telecommunication company UTS and Liberty Global were supposed to sign the Share Purchase Agreement last Friday, but that did not take place. The step for the final takeover of UTS is taken after the weekend.

According to the Minister responsible for UTS, Zita Jesus-Leito, the parties are expected to sign on Monday. They will commit themselves to agreements on the purchase and sale of the shares of the telecommunications company. The official transfer of the shares to a notary is expected on Wednesday.

It is now generally known on the island that it is about Liberty Latin America. In 2014, the Latin American leg of Liberty Global took Columbus International Inc. that, among other things, offers internet television under the brand name Flow.

UTS is 87.5 percent owned by the Country of Curaçao, the remaining 12.5 percent of the shares are owned by the Country of Sint Maarten. Minister Jesus-Leito said earlier that the telecommunications market will remain open to multiple players. There can be no question of a monopoly. The future owner of the public limited liability company must respect the agreements made with the staff regarding redundancy schemes.