Eastlink acquires C&W Bermuda for USD 70 mln

Wednesday 23 February 2011 | 09:56 CET | News
Cable & Wireless has reached an agreement to sell its Bermuda unit to The Bragg Group for USD 70 million. The transaction is subject to government and regulatory approvals and is expected to be completed by the end of March. Cable & Wireless Bermuda, which is part of C&W's Monaco & Islands unit, currently provides data capacity, carrier, internet and International Direct Dialling (IDD) calling services. Cable & Wireless Bermuda also provides data centre and disaster recovery services to the corporate community, and partially owns a Bermudian alternative local network provider. Canadian

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Categories: Mobile & Wireless
Companies: Cable & Wireless / EastLink
Countries: Bermuda
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