13th Mar 2015 07:00
AnnouNcement
13 march 2015
cable & wireless communications plc
Extension of Columbus acquisition longstop date to 31 March 2015
Cable & Wireless Communications Plc ("CWC") today announces it has agreed with the shareholders of Columbus International Inc. ("Columbus") to extend the longstop date for the receipt of required consents and approvals for the proposed acquisition of Columbus, announced on 6 November 2014. The longstop date will be extended to 31 March 2015. CWC notes the announcement made yesterday by the Telecommunications Authority of Trinidad and Tobago ("TATT") and continues to work constructively with TATT and all other relevant regulators towards completion of the transaction.
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About Cable & Wireless Communications
Cable & Wireless Communications Plc (CWC) is a full-service communications provider operating in 16 countries throughout the Caribbean and Latin America. With four leading brands: Mas Movil (Cable and Wireless Panama), LIME (the Caribbean excluding The Bahamas), BTC (The Bahamas) and Cable and Wireless Seychelles, CWC offers mobile, broadband, TV, domestic and international fixed line services and serves over 5.5m customers. CWC also provides premium data centre hosting, domestic and international managed data network services and customised IT Service Solutions to businesses and governments through our Cable & Wireless Business Solutions division.
On 6 November 2014, CWC announced the acquisition of Columbus International Inc. Whilst subject to regulatory approvals in certain markets, we believe that the transaction will bring significant benefits - increased investments, more jobs, and providing customers with superior mobile networks, faster broadband, and more TV choice. We plan to form a new company, with a new leadership team, and a new culture, putting our customers at the heart of the business. Our mission is to grow the lifetime value of our customer relationships by being #1 for Customer Service.
We are the market leader in most products offered and territories served.
For more information visit: www.cwc.com.
Contacts:
Cable & Wireless Communications | |
Kunal Patel | +44(0) 20 7315 4083 |
Mike Gittins | +44(0) 20 7315 4184 |
Related Shares:
CWC.L