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General

ATN closes acquisition of Caribbean telecom assets

Tuesday 5 July 2016 | 10:16 CET | News
Atlantic Tele-Network (ATN) has completed the acquisition of Caribbean Asset Holdings, the holding company for the Innovative group, which provides cable TV, broadband and wireline services primarily in the US Virgin Islands (USVI). ATN said it purchased the business from the National Rural Utilities Cooperative Finance Corporation (CFC) for around USD 145 million, and also acquired Innovative's smaller cable TV operations in the British Virgin Islands and St. Maarten. The Massachusetts-based operator added that it intends to combine the Innovative operations with its current wireless

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Categories: General
Companies: ATN
Countries: Caribbean
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