Cable & Wireless acquires Columbus Communications in US$3bn deal
BRIDGETOWN, Barbados, Friday November 7, 2014 (AMG) — Columbus International Inc., the fibre-based telecoms company which operates in the Caribbean as Flow, has been acquired by LIME parent company, Cable & Wireless Communications Plc. (CWC), in a US$3bn buyout deal announced today.
CWC will pay US$1.9bn for the privately-held, Barbados-based business, and will also assume Columbus’ net debt, which stood at US$1.17bn as at June 30, 2014. Continue reading
The CPL’s commercial reality check – By Tony Cozier
The CPL’s commercial reality check – by TONY COZIER
Given the Caribbean passion for cricket and its penchant for revelry, there is no more appropriate location for a T20 tournament than the region.
It was a combination that influenced Digicel, the Irish mobile-phone company long established in the region and in its cricket, to sign a 50-year agreement with the West Indies Cricket Board, originally through Barbados-based merchant bank Verus International, for the ownership of the Caribbean Premier League (CPL). Continue reading →
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