C&W launches offer for Keytech

20 Jul 2006

Cable & Wireless has revealed that it has offered to pay GBP113 million (USD206.8 million) for Bermudan telecommunications company KeyTech. The UK-based firm has been the primary provider of international telephony in Bermuda for over 115 years and is now seeking to enter the domestic market. KeyTech owns fixed line telco Bermuda Telephone Company and the second largest mobile operator by subscribers, M3 Wireless.