British telecommunication company, Cable and Wireless Communications, Plc (CWC) Tuesday announced it had completed its US$1.85 billion acquisition Columbus International Inc (CII).
In April this year Cable & Wireless South Atlantic Ltd, along with the Channel Islands, Isle of Man and Diego Garcia were acquired by the Batelco Group (*), a leading telecommunications provider to 16 markets spanning the Middle East & Northern Africa, Europe and the South Atlantic and Indian Ocean.
Cable & Wireless Communications (CWC) has completed the disposal of the majority of its Monaco & Islands division, which was announced last December and includes the South Atlantic islands of Falklands, Ascension and St Helena.
Cable and Wireless Communications have announced the sale of the majority of its Monaco and Islands division which includes the Falklands. The company has accepted 680m dollars (£420m) from Bahrain Telecommunications Company (Batelco) for the division which operates broadband and telephone lines.
The Falkland Islands Government (FIG) have announced a new price control mechanism to regulate the prices of regulated retail services provided by Cable & Wireless South Atlantic under their exclusive licence to the general public and businesses in the Falklands
Bahrain Telecommunications Co is in talks with Cable & Wireless Communications to buy its assets in Monaco and a host of island nations, including the Falklands Islands, a deal potentially worth around 1 billion dollars, three banking and industry sources said, reported in the Emirates media.
Cable and Wireless South Atlantic Ltd made a generous donation of £10,000 to the Falkland Islands Overseas Games Association (FIOGA).
Vodafone Group Plc agreed to acquire Cable & Wireless Worldwide Plc for 1.04 billion pounds (1.7 billion dollars) in cash, adding a UK fixed-line network to its mobile-phone system and gaining business customers.