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Cable & Wireless Gets Trinidad Approval For Columbus Deal
LONDON (Alliance News) - Cable & Wireless Communications PLC on Friday said it has received regulatory approval in Trinidad and Tobago for the USD1.85 billion acquisition of Barbados-based telecommunications and technology services group Columbus International Inc.
Under the terms of the regulatory approval provided by the Telecommunications Authority Trinidad and Tobago, Cable & Wireless has agreed to sell its 49% stake in Telecommunications Services of Trinidad and Tobago.
Completion of the deal remains subject to the company obtaining all necessary regulatory approvals in Barbados, it added.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
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