Thursday, 29 June 2017

C&W closes $1.85bn Columbus deal

By Mary Lennighan, Total Telecom
Wednesday 01 April 15

Telco to carry out review of both companies' brands as part of integration process.

Cable & Wireless Communications on Tuesday announced that it closed the acquisition of Columbus International. The telco agreed to buy 100% of the Barbados-based Americas network operator for US$1.85 billion in cash and stock in November. It also assumes Columbus' net debt as part of the deal, which stood at $1.17 billion in the middle of last year…

Cable & Wireless Communications on Tuesday announced that it closed the acquisition of Columbus International. The telco agreed to buy 100% of the Barbados-based Americas network operator for US$1.85 billion in cash and stock in November. It also assumes Columbus' net debt as part of the deal, which stood at $1.17 billion in the middle of last year…

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