Columbus Closes Acquisition of TeleBarbados and Tele-St. Lucia: Columbus Business Solutions and Flow to enter market
BRIDGETOWN, BARBADOS – (September 25, 2012)—Columbus International Inc. (“Columbus”) announced today that it has completed the acquisition of all of the issued and outstanding shares of TeleBarbados Inc. and Tele-St. Lucia Inc. The acquisition will position Columbus to bring both wholesale and retail broadband-enabled services to both markets.
TeleBarbados currently operates a facilities-based telecommunications network that includes over 60 kilometers of high-count fiber located primarily in the commercial core of Barbados. The network currently provides telephony and data services to over 500 commercial clients spanning a variety of industries, and more than 2,300 residential customers; all supported by a highly skilled work force of 58 employees. This marks the third acquisition for Columbus in 2012 and its 28th since 2005.
Columbus’ ceo, Brendan Paddick said: “TeleBarbados has been an integral part of the Barbados telecom industry since May 2006. We are proud of the value they have created in Barbados and look forward to building upon their legacy. With Columbus’ recent award of a host of new telecom licenses from the Division of Energy and Telecommunications of the Government of Barbados, there is no doubt that the closing of this transaction today provides us with an excellent base upon which to build”.
Rhea Yaw Ching
About the Company:
Columbus International Inc. is a privately held diversified telecommunications company based in Barbados. The Company operates in Trinidad, Jamaica, Grenada and Curacao and provides digital cable television, broadband Internet, digital landline telephony under the brand name, FLOW and corporate data services under the brand, Columbus Business Solutions. Through its wholly owned subsidiary, Columbus Networks, the Company provides capacity and IP services, corporate data solutions and data center hosting throughout 25 countries in the greater Caribbean, Central American and Andean region. Through its fully protected, ringed submarine fiber optic network spanning close to 18,000 km and its 21,000 km terrestrial fibre and coaxial network, Columbus’ 2,000 plus employees provide advanced telecom services to a diverse residential and corporate client base of close to 500,000 customers.