Finding Inspiration in Every Turn
Marshall Islands National Telecommunications Authority, also known as NTA, is a renowned private corporation that has significant ownership by the National Government. NTA holds the honor of being the authorized sole provider of telecommunications services in the Marshall Islands. This esteemed corporation is responsible for providing exceptional domestic and international voice, fax, data, and Internet services to and from the Marshall Islands, ensuring that the needs of its customers are met in an efficient and reliable manner.
NTA prides itself in its unwavering commitment to its customers, responding promptly and reliably to diverse customer needs with efficient and reliable products and services. It is well-versed in providing an ever-increasing number of superior quality and affordable services, which serve to expand communications choices for its customers. In staying ahead of the curve, NTA applies the latest technological advances in the most economical way, making it a telecommunications industry front-runner.
The Marshall Islands National Telecommunications Authority (NTA) was initially established by law in 1987. At that time, NTA was solely government owned. However, Public Law 1990-105 replaced the 1987 law and mandated that NTA become a private company as soon as possible. NTA completed its privatization process in November 1991, and the initial offering of stock began on December 2, 1991. This process has continued over the past thirteen years and NTA has been recognized as a registered private corporation in the Marshall Islands.About NTA
On December 31, 2002, the number of shares issued, out of 360,000 total shares available were 275,382 (208,075 government and 67,307 private). The total number of non-government shareholders is 604. The initial share offering expired on November 30, 1996. NTA has been able to pay a dividend to its shareholders in eight of the past twelve years. The last dividend paid was for $0.60 per share in January 2003. Amendments to the NTA Act of 1990 were approved by the Nitijela in October 2001 and in February 2002, which removed some of the previous ownership restrictions, increased the Government’s ownership in NTA, and allowed for more flexibility in the investment of excess funds. Because of these amendments, we prepared a revised prospectus and began selling shares once again in July 2002.