Providenciales, 6 Nov 2014 (CABLE & WIRELESS NEWS RELEASE) –
The combined business will:
Deliver broader pro-consumer product offerings and improved services
Inject state of the art TV and next-generation super-high-speed broadband technology into CWC
Deliver huge opportunities to the Business and Government sectors
Provide rapid lead in fixed mobile convergence through premier network platform
Cable and Wireless Communications PLC (CWC) has reached a conditional agreement to acquire Columbus International Inc. The proposed acquisition, valued at US$3.025bn will enable the combined company to significantly accelerate its growth strategy, improve service delivery to customers in the region, offer customers a comprehensive portfolio of high-quality products and services, and strengthen their position against larger competitors. The increased scale and capabilities of the combined company will provide the technical platform and financial capacity to help enable CWC to drive greater innovation and expand our geographic footprint.
The combination of the two companies is consistent with global industry trends, where convergence of fixed and mobile networks, increasing content consumption growth, and continuing development of online applications are driving requirements for high bandwidth, fixed line networks and TV capabilities. Operators in Europe and North America, as well as regional competitors, are acquiring and constructing networks that are capable of supporting ever-growing data needs along with new video capabilities. The combination of the two businesses supports CWC’s new strategy and its four primary areas of focus: Drive Mobile Leadership; Accelerate Fixed-Mobile Convergence; Reinforce TV Offer; and Grow Business to Business and Business to Government sectors. This strategy is underpinned by CWC’s announced US$1.05billion Project Marlin capital investment programme. Additionally, CWC believes that the combination of the two businesses will generate material operating cost and capital expenditure synergies. Similarly, Columbus believes that the combined strengths of both companies will accelerate growth, provide the necessary scale to enhance the customer experience, and help to allow Columbus to achieve its goal to become the “Best service provider” and “Employer of Choice” in the region.
The proposed combination of CWC’s region-leading mobile footprint and existing fixed line infrastructure with Columbus’ pay TV capabilities and next-generation, state-of-the-art fibre networks will significantly expand the product and service offerings for customers and also advance the companies’ quad play ambitions. The combined business will also deliver the benefits of superior quality network infrastructure, fixed-mobile products and bundles, superior TV content at competitive rates, and a more attractive portfolio of products and services in the B2B and B2G segments.
Phil Bentley, CWC’s Chief Executive Officer said: “This is a transaction that transforms CWC, providing a step-change in growth and returns. Columbus offers complementary TV, Broadband and B2B capabilities in complementary markets. Together, we will create the best-in-class quad-play offering in the region, delivered on a superior mobile, fibre and subsea network. This is a significant opportunity to better serve our customers and improve the ICT infrastructure of the communities in which we operate, whilst accelerating our strategy and delivering materially enhanced returns and synergy benefits.”
Similarly, Columbus’ chairman and CEO, Brendan Paddick indicated that, “Together we will form a truly world-class company focused on our customers in the Caribbean, Central America and the Andean regions. The proposed acquisition makes both companies stronger, faster and smarter in competing with their larger competitors. The proposed transaction reinforces our commitment to transform connectivity in the region, to increase the attractiveness of the region to investors, to support the growth of the communities we serve by making them more globally accessible and to ensure that our customers always have access to the best products and services available.”
For both companies, the proposed acquisition also enables greater focus on the Caribbean, Andean and Latin American markets as a region that offers attractive growth. The proposed acquisition will provide new opportunities and focus in Colombia, Guatemala, Costa Rica, Honduras, El Salvador, Dominican Republic, Puerto Rico and Peru.
“Our goal is to provide customer-focused solutions and the highest level of service across the region. This agreement will accelerate our efforts through a strengthened set of assets and capabilities,” Bentley affirmed.
The recent acquisition of both Groupo Sonitel in Panama, combined with Columbus’ Lazus in acquisition in Colombia will accelerate CWC’s progress against the new streamlined strategy.
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. Operating four leading businesses: – 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 in most of our markets serving over 5.6m customers. CWC also provides premium data centre hosting, telecoms, domestic and international managed data network services and custom IT Service Solutions to businesses and governments through the new unit, Cable & Wireless Business Solutions. Our mission is to grow customer relationships and lifetime value by becoming #1 for Customer Service. We are the market leader in most products they offer and territories they serve. For more information visit: www.cwc.com
About Columbus International Inc.
Columbus International Inc. is a privately held diversified telecommunications company based in Barbados. The Company provides digital cable television, broadband Internet and digital landline telephony in Trinidad, Jamaica, Barbados, Grenada, St. Vincent & the Grenadines, St. Lucia and Curacao under the brand name Flow and in Antigua under the brand name Karib Cable. Columbus also provides next generation connectivity and IT solutions, managed networking and cloud-based services under the brand Columbus Business Solutions. Through its subsidiary, Columbus Networks, the Company provides capacity and IP services, corporate data solutions and data centre hosting throughout 42 countries in the greater Caribbean, Central American and Andean region. Through its fully protected, ringed submarine fibre optic network spanning more than 42,300 km and its 38,000 km terrestrial fibre and coaxial network, Columbus’ 3,150 plus professionals provide advanced telecom services to a diverse residential and corporate client base of over 700,000 customers.
For more information visit www.columbus.co
Dog Tales to rescue 500 dogs from the Turks and Caicos
By Dana Malcolm
#TurksandCaicos, June 25, 2022 – Stray dogs in the Turks and Caicos will be getting a new lease on life in the coming months as Dog Tales Rescue will be coming to the islands. Up to 500 stray Dogs will be recovered from Grand Turk and flown to Canada in a bid to control the dog population and give the existing strays better lives. The visit has been approved by the Turks and Caicos Islands government who revealed the project in a cabinet meeting on May 31st.
Dog Tales rescue is a Canadian-based rescue mostly focusing on dogs, cats, and horses. The sanctuary is massive, sitting on over 50 acres of land. It was started in 2014 by husband and wife duo Rob and Danielle Eden-Scheinberg. The animals at Dog Tales Rescue get the 5-star treatment (as they should!) while they wait to be adopted into their forever homes. The rescue provides a space for neglected and abused dogs to heal with resources including kilometers of walking trails, therapy pools, a grooming spa, and medical care if needed. Dog Tales does not put dogs down, those who are not adopted immediately remain with the sanctuary permanently. Since 2014 more than 2000 dogs have passed through the sanctuary.
Rather than kennels the dogs at Dog Tale have rooms that they share or occupy alone and the sanctuary really jazzes up the spaces making them as luxurious as possible. The volunteers at the sanctuary also actively use social media to campaign for potential adoptees by doing photoshoots to entice families to take the chance to adopt animals. Soon strays from the Turks and Caicos will be in that number. You can see Dog Tales’ most recent photoshoot here.
Dog Tales even had a TV show back in 2018 that lasted for 2 seasons!
The TCIG says they will provide “logistical and regulatory support” for the program but Dog Tales will be funding the recovery and everything else on their own. You can donate to Dog Tales here
Moderna & Pfizer approved for toddlers in US
By Dana Malcolm
#USA, June 25, 2022 – Toddlers can now be vaccinated with either Moderna or Pfizer in the United States following the US Food and Drug Administration’s Advisory Committee vote to authorize the jabs for the youngest humans.
Some 2.5 million vaccines were ordered for these youngsters from Pfizer and 1.3 million are on order from Moderna.
The authorization committee voted unanimously on both vaccines and it comes as a relief to millions of parents who opted to keep their children away from family gatherings, even school
The lowest age a US resident can now get vaccinated is 6 months, Pfizer says their shot is ready for children six months to four years old and Moderna goes one year higher at 6 months to 5 years. Both Pfizer and Moderna say the toddlers will need boosters in the future.
As of June 2, there have been 442 children between the ages of 0-4 years old who have died as a result of Covid-19 in the United States.
TCI Agriculture launches Plant Clinic
By Dana Malcolm
#TurksandCaicos, June 25, 2022 – These days anything can be online, even a plant clinic! The Turks and Caicos Islands Department of Agriculture wants to help budding and experienced farmers with any plant issues they may have and their new Online Plant Clinic is their solution to help as many Islanders as possible.
Launched on Thursday, June 16 the clinic will operate through Facebook. Individuals with sick plants or pest issues will be required to take a photo of the issue and upload that photo to the department of Agriculture’s Facebook page.
Answers to issues will be given once a month, on every third Thursday, via a public video so all Islanders can have access. The launch was attended by Chief Plant Protection Officer-CPPO Roneta Huntley Thomas, Director of Agriculture Wilhelmina Kissoonsingh, Minister of Agriculture Josephine Connolly, and Permanent Secretary of the Ministry of Agriculture Mrs. Cheryl Ann Jones.
Connolly urged residents to “grow your own food and grow TCI.”
Attendees of the launch were allowed to participate in games trying to identify different diseases for a chance at prizes. Residents can now immediately start sending in their photos on the Facebook page.
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