AROUND this time last year the future of majority state-owned telecoms provider, TSTT hung in a balance. According TSTT chief executive, Dr Ronald Walcott, the company was heading into financial ruin because of the way it was structured. It was practically a loss-making entity. Profit was down by $479 million for the six months ended September 2018, the annual wage bill stood at $768 million or around 30 per cent of revenue, TSTT’s debt burden was $1.8 billion and it had an annual operating loss of $32.5 million.