ATN to buy majority stake in KeyTech, merge it with CellOne

Tuesday 6 October 2015 | 17:19 CET | News
Atlantic Tele-Network (ATN) has entered into an agreement to buy a controlling stake in Bermuda voice, broadband and TV service operator KeyTech, which uses the Logic brand. The acquisition form parts of a proposed business combination of KeyTech with mobile operator Bermuda Digital Communications, which trades under the CellOne brand. ATN and KeyTech currently own approximately 85 percent of CellOne. The proposed transaction will see ATN contribute its 43 percent stake in CellOne and approximately USD 42 million in cash for a 51 percent stake in KeyTech. Following the payment, CellOne will

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Categories: General
Companies: ATN / CellOne / KeyTech
Countries: Bermuda / Cayman Islands
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