The prime minister was updated about the restructuring of the company and the process to select a strategic partner for Telem.
"Both are progressing well, with the focus on employee consultation and restructuring of the corporate culture. The partner selection is approaching the final stages, namely determination of the most suitable partner and an advice to the shareholder.
"I was also pleased to hear from the company representatives about initiatives that the company has embarked upon to stay in and even get ahead of the game," Prime Minister Hon. Sarah Wescot-Williams said on Thursday.
All members of the management team and the complete supervisory board were present.
A general shareholder's meeting will be called shortly to handle the annual accounts 2008-2010.