27th Mar 2015 07:43
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; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
CWC.L