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Cable & Wireless Communications’ Shareholders Vote Overwhelmingly in Favour of Merger with Columbus International

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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.”

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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South Caicos Development Plans shared with Washington-Misick led Administration

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On Monday, 12 February 2024, the Premier led a delegation to tour the island of South Caicos to view the ongoing public and private sector projects, involving the remodelling and rebranding of the airport terminals, historical districts, and the East Bay Hotel.

The tour of the various developments reinforced the Government’s commitment to collaborating with stakeholders to boost the island’s activity and economy.

Photos courtesy of the TCI Office of the Premier

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Ministry of Tourism continues to get rid of dilapidated structures

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By LINDSAY THOMPSON

Bahamas Information Services

NASSAU, The Bahamas – The Ministry of Tourism, Investments and Aviation is continuing to rid areas of derelict and dilapidated structures posing safety problems, and a threat to the overall tourism product.

In this vein the recent structure to be demolished was the Gaming Board building owned by the Hotel Corporation.  Located adjacent to Goodman’s Bay Beach on West Bay Street, it was formerly the Sir Harry Oakes property; the northern portion once housed Bahamas Information Services for several years.

 


On hand to witness the demolition were Deputy Prime Minister and Minister of Tourism, Investments and Aviation the Hon. Chester Cooper, and Senator Randy Rolle, Global Consultant, MOTIA.

The demolition started on Monday, February 5, 2024 by Virgo Construction headed by the contractor Terry Delancy.  

DPM Cooper explained that the government felt the Gaming Board building should no longer sit there in a derelict manner, and continue to be an eyesore and pose safety concerns.

“Goodman’s Bay will be enhanced as a result of getting rid of this building. It will be more aesthetically pleasing for residents who traverse this area. Women who walk in the mornings in particular through these areas will be pleased to see that this has become a green space, rather than a derelict structure,” he said.

DPM Cooper also noted that his ministry consulted broadly with the Antiquities, Monuments & Museums Corporation (AMMC), and other historians before proceeding with demolition.

“We are sure not to take any actions as it relates to buildings, without consultation. So they were very comfortable with the process and we continue to work closely with them on all of the buildings that we have demolished in the downtown area,” he said.

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Ms. Camilla Lightbourne joins Experience Turks and Caicos team

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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. and a Business Account Executive at Digicel.

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 we fill out key positions and responsibilities in the organization. As such, it has become necessary to bolster the CEO’s office by adding an Executive Assistant to work with the CEO on the effective administration of the day-to-day tasks. I look forward to working with Ms. Lightbourne 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. I am looking forward to making my mark in the future development of our country’s tourism product,” she said.

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