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General

Barbados gives conditional approval to CWC-Columbus deal

Tuesday 31 March 2015 | 17:14 CET | News
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The Fair Trading Commission of Barbados (FTC) gave conditional approval for Cable and Wireless Communications (CWC) to acquire Columbus International. The FTC said that CWC (which operates under the LIME brand) and Columbus should remove overlapping telecoms networks of LIME and Flow in the country. The regulator said that the operators should find a buyer for the networks. The FTC must approve the application before materialising the sale of assets. In November 2014, Cable & Wireless Communications signed an agreement to acquire Columbus International for USD 1.85 billion. Columbus offers

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Categories: General
Companies: Cable & Wireless Communications / Columbus International / Lime
Countries: Barbados
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