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CWC AGREES TO ACQUIRE COLUMBUS INTERNATIONAL INC. TO ACCELERATE GROWTH STRATEGY AND DELIVER SUPERIOR CUSTOMER SERVICE

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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

Magnetic Media is a Telly Award winning multi-media company specializing in creating compelling and socially uplifting TV and Radio broadcast programming as a means for advertising and public relations exposure for its clients.

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Ms. Camilla Lightbourne joins Experience Turks and Caicos team  

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Ms. Camilla Lightbourne

 

#TurksandCaicos, February 22, 2024 – Experience Turks and Caicos is pleased to welcome Ms. Camilla Lightbourne to the post of Executive Assistant to the CEO effective February 06th, 2024.

Ms. Lightbourne is currently pursuing a Bachelor’s degree a DeVry University in Florida and previously worked as an Import Logistics Associate at Graceway Trading Ltd. Where she supported department goals and initiatives through the generation of reports and a Business Account Executive at Digicel where she managed daily and monthly reports and helped resolve customer issues.

In welcoming Ms. Lightbourne to the team, Ms. Racquel Brown, Change Manager and Interim CEO of Experience Turks and Caicos said Ms. Lightbourne’s appointment underscores the growth of the organisation.

“Experience Turks and Caicos is growing as an organisation to meet its mission and goal.  The Executive Assistant to the CEO is critical to support the CEO Office for the effective and efficient day-to-day administration to assist the CEO manage the scheduling and timely completion of Strategic Projects and Programmes.   I look forward to working with Ms. Lightbourne as the Change Manager/Interim CEO of Experience Turks and Caicos in this regard,” she said.

Ms. Lightbourne said she is pleased to be part of the Experience Turks and Caicos team.

“I am elated to join such a dynamic organisation and working with the CEO’s office where I will have an opportunity to implement many of the project management and organisational skills I have learned over the years. I am looking forward to making my mark on the future development of our country’s tourism product,” she said.

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Caribbean News

CTO Chairman Hails Success of Business Meetings in Saint-Martin

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February 22, 2024 – The Caribbean Tourism Organization (CTO) concluded its business meetings last week in Saint-Martin, marking a significant milestone in the collaborative efforts to strengthen and revitalize the Caribbean tourism sector. Under the direction of Chairman Kenneth Bryan, who also serves as Minister of Tourism and Ports for the Cayman Islands, the CTO has embarked on a transformative journey to reimagine its role and impact within the global tourism landscape.

“When I took over as chairman (in 2022), we decided to go through a reimagining exercise and you can start to see the changes already,” said Chairman Bryan, citing the appointment of Secretary-General and CEO Dona Regis-Prosper, the return of the U.S. Virgin Islands and Bermuda to the 25-member body, and the re-engagement of destinations such as Montserrat as examples of the progress made.

A highlight of the meetings was the presentation of a comprehensive plan for the year ahead by Regis-Prosper, the first woman appointed to the post in the organization’s history.

This year’s first series of business meetings focused on defining a strategic direction for the upcoming year and reviewing the organization’s accomplishments since Minister Bryan’s tenure began. “The discussions were fruitful and reflective of the vibrant spirit that characterizes our collective efforts,” stated Minister Bryan. “The CTO is moving towards a reimagined, revitalized and relevant future, with a clear focus on overcoming challenges through unity and shared vision,” he asserted.

A significant part of the meetings centered on the critical role of aviation in connecting the Caribbean. Chairman Bryan emphasized the commitment to enhancing regional connectivity and addressing the complexities of aviation logistics, highlighting a resolution to engage with key stakeholders, including the International Air Transport Association (IATA) and regional airlines, to advocate for increased seat capacity and facilitate more seamless travel within the Caribbean.

The group discussed the possibility of staging a Caribbean aviation conference: an assembly of airline and airport authority executives; hotel brands; tourism stakeholders; and government ministers with responsibility for tourism, civil aviation, regulatory and finance matters. “We need robust dialogue on the necessary changes to incentivize more connectivity within the region, so we’re going to put our foot down on the gas concerning this because it’s a serious concern for many members, particularly in the Eastern Caribbean.”

Reflecting on his tenure as chairman, Minister Bryan is encouraged by the progress made, particularly in stabilizing the organization’s fiscal position, increasing membership confidence, and positioning the CTO prominently in global tourism discussions. The CTO’s efforts have also focused on leveraging technology, artificial intelligence, and digital media to enhance the Caribbean’s appeal as the world’s leading warm-weather destination.

The CTO’s vision also encompasses a rebranding of the organization and a reinforcement of the foundational spirit of Caribbean kinship. “Our goal is to ensure that every member state feels tangible value from its involvement with the CTO, fostering a sense of belonging and collective achievement,” commented Minister Bryan.

He said CTO’s strategic direction, under the Secretary-General’s leadership, promises a dynamic and inclusive future for Caribbean tourism, one that emphasizes innovation, collaboration, and a deepened sense of regional camaraderie.

 

Photo Caption: Kenneth Bryan, Chairman of CTO’s Ministerial Council and Minister of Tourism and Ports of the Cayman Islands (left), is pictured with CTO Secretary-General Dona Regis-Prosper; Bermuda Minister of Tourism Owen Darrell; and Rosa Harris, Chairman of CTO’s Board of Directors and Director of Tourism for the Cayman Islands.

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Caribbean News

DIGICEL BUSINESS’ HOSPITALITY SOLUTIONS IS REVOLUTIONISING THE GUEST EXPERIENCE

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February 22, 2024 – Digicel Business is proud to introduce its cutting-edge Hospitality Solutions, designed to transform the guest experience in hotels, resorts, and hospitality establishments worldwide. With a commitment to innovation and excellence, Digicel Business is empowering the hospitality industry to thrive in a digital age. In an era where guests expect seamless connectivity, personalized experiences, and efficient services, Digicel Business is at the forefront of delivering solutions that meet these evolving demands. Our Hospitality Solutions suite offers a range of services and technologies that will redefine the way guests interact with your establishment.

Key features of Digicel Business Hospitality Solutions include:

  1. Reliable & Secure Connectivity: Ensure lightning-fast, secure internet access throughout your property, enabling guests to stay connected effortlessly, whether for work or leisure.
  2. Enhanced Guest Experiences: Elevate customer satisfaction and loyalty with convenient and customized experiences, including Hospitality TV, Push to Talk radio, Access Control, Fixed Voice for your front desk and rooms & Video Surveillance.
  3. Efficient Operations: Increase operational performance and efficiency, reduce operational cost by reduction of manual processes. Focus on what you do best, while we take care of the rest.
  4. Security Solutions: Secure customers’ data with solutions that are easy to use but sophisticated enough to keep you secure. 5. Scalability: Our solutions are adaptable to properties of all sizes, from boutique hotels to sprawling resorts, ensuring a customized fit for your establishment. 6. Dedicated Support: Digicel Business provides support to ensure hotels and resorts can resolve any connectivity or technology-related issues promptly.

Lydia Tucker, Head of Digicel Business Turks & Caicos, commented: “The hospitality industry is undergoing a significant transformation, with digital technologies at the forefront of this evolution. At Digicel Business, we are committed to helping our partners in the hospitality sector embrace these changes and deliver unparalleled guest experiences. Our comprehensive suite of Hospitality Solutions is designed to enhance operational efficiency, increase guest satisfaction, and drive revenue growth.”

As the Caribbean and Central America‘s leading communications and technology solutions provider, Digicel Business continues to invest in cutting-edge solutions that empower businesses across various sectors

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