Cable & Wireless Communications’ Shareholders Vote Overwhelmingly in Favour of Merger with Columbus International
LIME Press Release – Shareholders of Cable & Wireless Communications plc (“CWC”), the parent company of LIME, today voted overwhelmingly in favour of the merger with Columbus International Inc. (“Columbus”), operator of the consumer brand, Flow.
Following the announcement of the transaction on 6 November 2014, shareholders attended a General Meeting in London today to vote on the merger and demonstrated their support by voting almost nine in ten shareholders in favour of the deal.
The combined business of CWC and Columbus 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 the combined business; deliver huge cost saving and operational efficiency opportunities to the Business and Government sectors and provide rapid and seamless fixed mobile convergence through a premier network platform.
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 higher bandwidth, fixed line networks and TV capabilities.
Commenting on today’s shareholder approval, Sir Richard Lapthorne, CWC’s Chairman said:
“I speak for the whole Board when I say that we are very pleased we have received shareholder approval for this acquisition which will significantly enhance CWC’s growth profile and accelerate the progress towards each of the strategic goals we unveiled in May. It will also create a fully converged telecommunications business which, with the support of host Governments and Regulators, will provide the Caribbean with leading edge communications capabilities that will be as good as anywhere in the world.”
Phil Bentley, CWC’s Chief Executive Officer said:
“We know we have to work closely with Governments and Regulators to ensure that our customers benefit and that competition is not compromised – and that’s a commitment we’ve happily made to all our stakeholders; a commitment we intend to uphold.
In the discussions we have already had with Governments and the Regulators, we have emphasised our belief that this transaction will be good for bringing further investment to our markets. The merger is good for our employees, the communities we serve and, most importantly, our current and future customers.”
Flow TCI in Final Stage of Network Restoration
GRAND TURK, turks and caicos, Friday, March 24th – Flow TCI today announced that the transmission upgrade project, which forms part of the company’s ongoing restoration exercise, has entered its final stages. The completion of the project is expected to alleviate the concerns raised by residents in Grand Turk, who have been experiencing a degradation in mobile and broadband services.
Flow TCI Country Manager, Joanne Missick stated: “We wish to say thank you to our customers for their unwavering loyalty and understanding as we bring this project to a close. We have communicated to the Premier, Hon. Morris and the executive of TCI Telecommunications that our new date of completion for the capacity upgrade into Grand Turk is set for May 4, 2023.”
Flow’s technical team has started work on the Ambergris Cay site and has successfully completed the migration of customers to a new transmission link. The team is continuing to monitor network performance.
Additional maintenance is scheduled for Saturday, March 25th in Grand Turk, and Monday, March 27th in Salt Cay.
|MAINTAINENCE WINDOW SCHEDULE|
|Ambergris Cay||Thursday, March 23rd||9:00am EST||Completed|
|Grand Turk||Saturday, March 25th||9:00am EST||Pending|
|Salt Cay||Monday, March 27th||9:00am EST||Pending|
While the ongoing work is not expected to majorly impact customer’s services; however, Flow asks residents to be prepared for intermittent minor degradations in service levels.
The maintenance operation is scheduled to start at 9:00am on each island. Our team will alert residents via SMS and social media on the start and completion of the scheduled maintenance and will conduct the necessary checks on the ground to verify network stabilization.
Flow TCI Facilities Lead, Ronald Gardiner stated: “In light of the reports received from residents, our technical team has fast tracked the mobile traffic migration project and engaged all necessary stakeholders to expeditiously to resolve these concerns and fulfil our promise to provide a superior mobile and internet experience.”
A subsequent update will be provided on Tuesday, March 28th and the company has committed to provide a weekly update to customers until the completion of this project.
Ten Bahamian-Owned Businesses Receive Awards for Energy Efficiency; Three Receive Grants
During a reception recognizing ten businesses that have implemented various energy-saving features, Minister of Economic Affair, Senator, Hon. Michael Halkitis said that these persons were being celebrated because they were making a positive impact in the world of energy efficiency. The event was held at Baha Mar Convention Centre on March 22, 2023.
“This ceremony represents the result of weeks of hard work by the Access Accelerator team, who have been working diligently to select the businesses that have had the highest impact in energy efficiency after heeding the call to have their businesses studied,” he said. The Minister also invited all start-ups and existing businesses to find ways to incorporate energy efficiency into their businesses.
According to Executive Director of the Small Business Development Centre, Samantha Rolle, the initiative is part of the 11 initiatives under the guaranteed loan program furnished by the Inter-American Development Bank, which will be launched this year. The initiative will impact a cross-section of sectors in the economy, including food service, export readiness, fitness and wellness, hospitality, women in business and other sectors. She said that for this initiative, over 600 applications were received and after a strict process, ten businesses were selected with the top three receiving a cash injection into their businesses, a free audit and an energy plaque.
Many of the businesses used LED lighting, solar-generated devices, recycling processes and energy efficient appliances to decrease their energy cost. In addition, some business owners implemented protocols such as using a timer to schedule the optimal timing for high use/low use needs, or shut down or reduced their energy output while not in use, such as when the business was closed for the day. They also used ductless air conditioning units instead of central air conditioning systems. These were among some of the ways they were able to reduce costs and decrease their carbon footprint.
The top ten businesses included: New Life, The New Duff, MGS Grocery Store (Long Island), Perfec-Ton, Best Energy Bahamas Ltd., A & M Electrical Supplies (Long Island), Sawyer’s Studio, H. Russell Convenience Store (Andros), The Promise Institute and J & M Island Shop Consultants (Eleuthera). The top three also received grants in the amounts of $5,000, $7,000 and $10,000 to assist with their businesses.
Header: Recipients of awards in energy efficiency pose for a group photo during the Energy Efficiency Stars in Business Awards Show. The event was held at Baha Mar Convention Centre on Wednesday, 22nd March, 2023.
1st insert: Minister of Economic Affairs, Hon. Michael Halkitis speaking during the Energy Efficiency Stars in Business Awards Show. The event was held at Baha Mar Convention Centre on Wednesday, 22nd March.
2nd insert: The principals for the company receiving the highest recognition for energy efficiency, J & M Island Shop Consultants (Eleuthera) pose for a group shot with the Minister.
(BIS Photos/Mark Ford)
PM Davis calls the future building of the New Bight International Airport ‘truly exciting’
FIND US ON FACEBOOK
Caribbean News3 days ago
TCI Moving to Catch Up in Clean Energy Race, attends CDB Conference
Caribbean News1 week ago
Debrief on Haiti Caribbean heads visit
Bahamas News1 week ago
Lease agreement approved for diaspora office
Uncategorized4 days ago
Banks fail, causing ripple effects but what of the Turks & Caicos banking security
Bahamas News1 week ago
FBI and Bahamas looking into woman’s death
Caribbean News1 week ago
US EMBASSY COMING TO PROVO
Caribbean News1 week ago
Women’s Health Connectivity and health a study for TCI’S benefit
Uncategorized2 days ago
Uton Graham, Bars Manager at BTC masters his mix with training the next generation