Trinidad approves CWC’s Columbus takeover

27 Mar 2015

The Telecommunications Authority of Trinidad and Tobago (TATT) has given its conditional approval to the acquisition of triple-play operator Columbus Communications (Flow) by Cable & Wireless Communications (CWC) as part of the latter’s wider USD1.85 billion takeover of the Columbus International group, StockMarketWire.com reports. As CWC previously indicated, it will offload its 49% stake in majority-state-owned incumbent operator Telecommunications Services of Trinidad & Tobago (TSTT) following the acquisition of Flow – and within 18 months – in order to comply with conditions placed on the merger by the TATT. Completion of the acquisition remains subject to the satisfaction or waiver of certain other conditions, including regulatory approvals in Barbados.

Columbus offers services under the Flow brand in Trinidad & Tobago, Jamaica, Barbados, Grenada and Curacao, and also serves Saint Lucia, Saint Vincent & the Grenadines and Antigua & Barbuda under the brand name Karib Cable. Columbus also provides corporate data and cloud based services under the brand Columbus Business Solutions, while via Columbus Networks the group provides capacity and IP services, corporate data solutions and data centre hosting throughout 42 countries in the greater Caribbean, Central American and Andean region.