Give me Liberty

 Above: Wendy McDonald, Director of Communcations and Stakeholder Relations for Flow, manages the teleconference call announcing the acquisition of CWC. Photo by Mark Lyndersay. BitDepth#1042 for May 24, 2016 On Monday last week, another seismic shift in the local telecommunications industry happened. In a quiet room at Flow’s Port of Spain office, yet another name […]

Liberty Global to buy CWC for $5.3 billion

Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB, LBTYK, LILA and LILAK) and Cable & Wireless Communications Plc (“CWC”) (LSE: CWC) today announced via press release a recommended offer (the “Offer”) by Liberty Global for all outstanding and to be issued shares of CWC. Pursuant to the Offer, Liberty Global would acquire CWC for shares […]

Digicel salutes Barbados FTC decision

Digicel today welcomed the decision of the Barbados Fair Trading Commission (‘FTC’) regarding the application for merger approval filed by Cable and Wireless Communications and Flow/Columbus.  In its decision published on March 27, 2015, the FTC confirmed its view that the merger would create ‘… anti-competitive effects … in the Fixed-voice (landline) telephony and Fixed Data […]

CWC announces successful US$1.85bn Columbus buyout

Cable and Wireless Communications, Plc (CWC) announced today that it has completed its US$1.85bn acquisition of 100% of the equity of Columbus International Inc. Commenting on the completion of the transaction, Chief Executive Officer, Phil Bentley, said: “This is a transformational deal for Cable & Wireless Communications.  Columbus Communications is an outstanding business; not only […]

TATT statement on CWC-Columbus buyout

The Telecommunications Authority of Trinidad and Tobago (the Authority) received an application by Columbus Communications Trinidad Limited (CCTL) trading as “Flow” and Columbus Networks International (Trinidad) Limited (CNITL) on November 26th and 27th, 2014 for approval of a change of control resulting from a proposed acquisition of its parent company Columbus International Inc. by Cable […]

Jamaica approves CWC buyout

Jamaica has announced approval for the proposed buyout of Columbus Communications by CWC. From the news report… In order to be satisfied as the Minister with responsibility for Telecommunications, advice was sought from the Office of Utilities Regulation. Further, in arriving at his decision note was taken of previous advice received from the Attorney General […]

Regulators consider Columbus buyout

BitDepth#967 for December 16, 2014 Over the course of two days, specifically last Wednesday and Thursday, regional telecommunications regulators met at the Cascadia Hotel to consider the proposed buyout of Columbus Communications by Cable and Wireless (CWC). The opening session offered operators in the telecoms market in T&T an opportunity to state their positions on […]

CTU’s statement on Dec 10 Regulatory Forum

Statement on the Regulatory Forum held on 10-11th December 2014 at Cascadia Hotel, St Anns, Trinidad and Tobago Hosted by the Caribbean Telecommunications Union, a regional Regulatory Forum, held in Trinidad and Tobago on 10-11th December 2014, looked in-depth at “Developing Regional Regulatory Approaches to Current ICT Issues”. The issues discussed were: Over The Top […]

Digicel keen about CTU meeting

Digicel today welcomed the confirmation by the Caribbean Telecommunications Union (‘CTU’) that it intends to involve itself fully with immediate effect in the proposed acquisition of Columbus International Inc. (‘Columbus’) by UK-based Cable and Wireless Communications Plc (‘CWC’).  The CTU has moved quickly to convene a meeting of its Member States and of the National […]

Digicel calls on TATT for intervention

Digicel today publicly called on the Telecommunications Authority of Trinidad and Tobago (TATT) to hold firm and withstand the severe pressure being applied by UK based Cable and Wireless Communications (CWC) and Columbus International Inc  to rapidly approve the proposed acquisition of Columbus by CWC.  Under the concessions granted to Columbus in Trinidad, CWC/Columbus are […]