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General

CWC expects to complete the acquisition of Columbus in March

Wednesday 11 February 2015 | 13:56 CET | News
Cable & Wireless Communications (CWC) expects to complete the acquisition of Columbus International by the end of March 2015. In November 2014, Cable & Wireless Communications signed an agreement to acquire Columbus International, a privately-owned fibre services provider in the Caribbean, Central America and Andean region, for USD 1.85 billion. Since the announcement, CWC has raised gross proceeds of USD 180 million from the placing of new shares and USD 690 million from new loans to finance the acquisition.

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Categories: General
Companies: Cable & Wireless / Columbus International
Countries: Caribbean
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