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
Agreement Signed! Next Foghorns and Three Times the Arrivals
#TurksandCaicos, October 13, 2021 – When the foghorns blare again at the Grand Turk Cruise Center it will be well into the Christmas season, but the scheduled arrival of the Carnival Freedom on November 28, will end a 20-month pandemic imposed pause on cruising, the economic life-blood, of the capital of the Turks and Caicos Islands.
“We have eleven meetings since May to make this happen. I think it’s a huge, huge improvement on what we’ve had before, speaking to the value of the partnership of the Turks and Caicos Islands Government and Carnival and we look to have a long and fruitful relationship,” said Hon Washington Misick, Premier of the Turks and Caicos Islands.
The Turks and Caicos Islands Government today, finally inked a deal with Carnival Corporation, which appeared hinged on the cruise company being granted the green light for an expansion to berthing at the Port, which opened in 2006 on the island of Grand Turk.
The signing of a new Development Agreement followed an October 7 Cabinet approval of the document; the brief ceremony was carried live on Facebook from the Office of the Premier in Grand Turk.
“Indeed as the Premier has stated, we met 11 times and many times in person, you were in every meeting and sometimes with members of Cabinet, the Attorney General and we worked on something that we will all be proud of for many years to come,” said Giora Israel, Senior Vice President Global Port & Destination Development.
Strongly intimated, by Premier Misick, that this expansion had been stalled. Definitely stated, also by Premier Misick, it is full steam ahead for a resumption of cruising.
“We are confident that cruise ships filled with visitors will be back in time for the high season 21/22. We are not stopping there. Government is investing heavily in the improvement of the Cruise Port and infrastructure in Grand Turk including: Acquisition of a Property to be converted into a Vendors Market. $1.5m dollars has been allocated to refurbish and improve the property. Additional properties will be acquired and developed to accommodate vendors who depend on the cruise industry for their livelihood. 2-million dollars will be spent to construct a floating dock for the Water Sports Operators. We are providing up to $1 million in grants to eligible operators to help them prepare for the reopening of the Cruise Industry,” said the Premier during a National Address on September 23.
Three cruises to Grand Turk are booked for November and December 2021 and if all goes according to schedule – or better – the cruise calls on November 28, December 11, December 12 and December 26 will usher in a happier holiday season for the dozens of companies left in limbo with the crash of cruising in March 2020.
“I really want to thank our employees at the Port. We have had employees who stayed here for the last two years working hard to maintain the port,” said Mr. Israel as he acknowledged the enthusiasm shown by the TCI Government to complete the deal; he added, “But I also want to thank the Community of Grand Turk. We are a part of this community; we have been welcomed as a part of this community. The Community has embraced us and we have embraced the Community, the business community and we need to look at this as a partnership,” expressed Mr. Israel during the live stream.
Outside of cruise tourism, Grand Turk draws dive enthusiasts from around the world and is increasingly experiencing popularity in the luxury villa market. Nonetheless, these other distinctions for the island which is home to the Parliament and the Governor’s Residence, fall a distant second and third place to the thousands of cruise visitors travelling on four, five and six day itineraries; Cruising is what really brings the boom.
“We’ve had a long partnership of 20 years and this partnership is just getting better. New horizon, new opportunities and when I look at this magazine, which is a magazine we issued when the port was opened, we expected that the biggest ship would be 1,800 passengers. Within 90 days of today, we are expecting ships that will be able to carry three times the number of passengers…”
The Development Agreement gives Carnival Corporation the permissions and perimeters to begin a $25 million dock expansion project. The Turks and Caicos Cabinet informed that the signatories represented: the Crown, the Government of the Turks and Caicos Islands, Grand Turk Cruise Terminal Ltd and Carnival Corporation.
Details of the Agreement were not revealed, therefore the scope of the expansion remains unknown. What has been made clear is upon completion of the new dock, the largest ships in Carnival’s fleet will be able to moor in Grand Turk with the high probability that cruise passenger and crew arrivals to the islands of Grand Turk and Salt Cay, will triple.
Carnival elation Dec 11
Carnival Freedom Nov 28, dec 26
Carnival freedom Dec 12
CARPHA Team undertakes Assessment of Guyana’s National Surveillance System for Non-communicable Diseases
October 14, 2021 – The Caribbean Public Health Agency (CARPHA) conducted a technical mission to Guyana from September 22nd – 25th, 2021 to undertake site visits as a part of an ongoing assessment of six (6) Member States’ systems for the national surveillance of non-communicable diseases (NCDs) and their risk factors. This activity was implemented in collaboration with the Ministry of Health Guyana through an Agence Française de Développement (AFD) – funded project.
The aim of the assessment s to provide evidence in support of the development of a Regional Surveillance System for NCDs, a priority under the regional health framework Caribbean Cooperation in Health IV (2016-2025).
During the mission, the CARPHA technical team reviewed the capacity of existing surveillance mechanisms in Guyana to collect, analyse and report on the NCDs and risk factor indicators proposed for the regional surveillance system. These indicators were recommended by a multi-stakeholder meeting series convened in 2020 under the AFD project, which reviewed global, regional, and sub-regional mandates, targets and practices in surveillance for the prevention and control of NCDs.
The CARPHA Team along with senior officials from the Ministry of Health conducted visits to two (2) health centres, the National Cancer Registry, Ministry of Health Surveillance, and Statistics Unit. The results from the overall assessment will be presented to the Ministry of Health Guyana and will also be reviewed alongside results from similar assessments in Anguilla, Aruba, Jamaica, St. Vincent and the Grenadines, and Suriname to inform the finalisation of the regional surveillance system design through a regional stakeholder meeting.
The regional NCDs surveillance system would facilitate the reporting and availability of data to inform policy development, planning, and tracking of progress towards meeting for targets NCDs at Regional and National levels.
Through funding from the Agence Française de Développement (AFD), CARPHA is leading the Region in Strengthening Strategic Intelligence and Partnership Approaches to prevent and control NCDs and Strengthen Regional Health Security in the Caribbean. This project, signed in 2019 with a value of €1,500,000.00, demonstrates the commitment of the Government of France and the French people to supporting the public health priorities of the Caribbean Community through CARPHA.
More information on the Project can be found at: https://www.carpha.org/Projects/Ongoing-Projects/Strengthening-Strategic-Intelligence-and-Partnership-Approaches-To-Prevent-and-Control-NCDs-and-Strengthen-Regional-Health-Security-In-The-Caribbean
TCI Community College’s Tourism Students attended the NABHOOD International Summit
#Turks&Caicos Islands, October 14, 2021 – Students from the Turks and Caicos Islands Community College were afforded the opportunity to attend the 25th Annual International African American Hotel Ownership & Investment Summit & Trade Show; 8th Annual International Multicultural and Heritage Tourism Summit – NABHOOD
The invitation was extended through the Premier’s Office in conjunction with the Ministry of Education and Ministry of Tourism.
Chair of the Faculty of Hospitality and Tourism Management, Ms. Michelle Hosten chaperoned 3 students: Jerrika Francis, Danae Dennie; 2nd Year students pursuing an Associate Degree in Tourism Management at the Grand Turk Campus and Christy Ewing, a 1st Year student pursuing an Associate Degree in Tourism Management at the Providenciales Campus.
The students met CEOs from international hospitality brands and most importantly other students from other Caribbean and International Schools. The benefits of this created a wealth of networking opportunities as well as learning about others. They participated in workshops and sessions and spent time with Tourism centered activities and projects.
Ms. Jerrika Francis shared her memories from the conference: “Attending the NABHOOD Summit was a great experience for me. I got to learn more about the Tourism Industry and I also acquired more knowledge on how I can make it in the industry. It was such an honour that I was chosen to represent my Faculty at this event.”
Caribbean Junior Minister and TCI’s Junior Minister, Ms. Danae Dennie gave these highlights: “Attending the NABHOOD African American Hotel Ownership and Investment Summit and the international Multicultural and Heritage Tourism Summit and Trade Show has been such a wonderful experience. I was able to gain great insight into the hospitality and tourism industry.”
Ms. Dennie continued, “I learnt that as a woman in the industry I should always be bold and confident in my abilities. I learnt from various CEOs that you can start from the bottom and make it to the very top. I was also encouraged to “make my own room” if there is none that fits my interests.”
Ms. Dennie concluded her sentiments, “The conference was very informative. I was able to speak with many CEOs and Presidents of various tourism organizations. I was even given the opportunity to speak with the Premier of the TCI. I was so grateful for the opportunity. Therefore, I would like to thank the TCI Government for funding this trip. Lastly, I would like to specially thank the Turks and Caicos Community College for giving me the opportunity to have such amazing experiences.”
Christy Ewing who recently entered the Faculty had this to say: “I was one of the students chosen to go to Miami, Florida for NABHOOD’s 25th Annual Summit and Trade Show. I learnt many interesting things and advice that can be used in my career later on. I also met many new people who gave me a wider insight and perspective on things in the tourism industry.”
She continued, “I had the pleasure of meeting with the Premier of the Turks and Caicos, the Hon. Charles W. Misick, who spoke with us and informed us on his plans for the tourism industry. I am deeply grateful for this opportunity and will be happy to do it again.”
Ms. Hosten gave an overall assessment of the trip and what the students would have experienced while there: “It was an extremely surreal experience meeting and watching CEOs of major international hotel brands as well as large investment firms and suppliers discussing their rise to the top, what their brand represents, their bottom line during and post COVID.”
Ms. Hosten continued, “Their words of wisdom to students and their willingness to invest in US hospitality institutions without hesitation, especially black America and other minority groups was so profound. They understand where most of their Supervisors and Management pool will stem from so creating systems, programmes and funding in these groups are all worthwhile investments.”
It left a lasting impact on Ms. Hosten: “Being there was like being at the Hollywood of Hospitality players awards and I am most humbled to have been given this chance to carry students to experience this wealth of opportunities first hand and the many avenues in this industry to get there.”
Hon Rachel Taylor met the students upon arrival back to the Turks and Caicos Islands and she expressed her thanks to the Team for ably representing the country and the College. She was thanked for her confidence in allowing the students to be a part of this educational venture.
Students, you got a chance to shine and represent the Turks and Caicos Islands and the TCI Community College. Thank You!
We are TCICC!
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