Cable & Wireless Buys 51% of BTC Bahamas

C & W announced the signing of a memorandum of understanding to acquire 51% of Bahamas Telecommunications Company (BTC).

Monday, December 6, 2010

C & W and the Government of the Commonwealth of the Bahamas worked together to complete the statutory audit, contract terms and obtain the necessary permits and other regulatory approvals in order to complete the transaction by the first quarter of 2011.

BTC is the sole mobile operator in Bahamas and leading provider of fixed telephony and broadband services.

More on this topic

Cable & Wireless Comes to Costa Rica

November 2014

Cable and Wireless has acquired the company Columbus International, which belonged to Lazus SAS, a Costa Rican company that operates in the telecommunications market in the corporate segment.

With this acquisition Cable & Wireless will increase its presence in Central America, adding to Panama, where it ventured after acquiring 49% of the shares of the public operator.

Telefónica Sells 40% of its Assets in Central America

April 2013

The Spanish telecom company has reached an agreement with Corporación Multi Inversiones to sell, for $500 million, 40% of its assets in El Salvador, Guatemala, Nicaragua and Panama.

The operator will maintain control of operations in the four countries which will be integrated into a single joint venture.

Mergers and Acquisitions in Costa Rica

April 2013

As of April 5 mergers and acquisitions will have to be approved at the Antitrust Commission, part of the Ministry of Economy, Industry and Trade, before they can take place.

From that date, the Antitrust Commission, at the Ministry of Economy, Industry and Commerce (MEIC), will have the power to approve or deny deals, if it is concluded that they would result in undue concentration of business.

Costa Rica: Clear Rules for Mergers and Acquisitions

March 2013

A law is required not only to provide legal certainty on the issue, but also to create incentives for economic activity which is vital to the economy.

According to Alonso Arroyo's article, published by Elfinancierocr.com, the regulation on the issue of Mergers & Acquisitions (M & A) in Costa Rica, requires clear rules that encourage activity in the middle, taking the example of what has been the engine of various economies in Latin America.

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