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Tag Archives: merger

  1. Medici Ventures Makes Additional $8 Million Equity Purchase in Bitt Inc.

    Medici Ventures, the wholly owned blockchain-focused subsidiary of Overstock.com, Inc. recently announced an $8 million equity purchase in Bitt, its Barbados-based keiretsu company. The additional equity will enable Bitt to pursue market opportunities that accelerate the adoption of digital currencies in developing countries. This transaction gives Medici Ventures a controlling interest in Bitt. Bitt was […]

    November 11, 2020Business, FeaturedNo comments
  2. Musson Acquires Massy’s Information Technology & Communications Line of Business

    Musson (Jamaica) Limited (“Musson“) has announced that it has completed the acquisition of Massy Holdings Limited’s regional information technology and communications line of business (“Massy Technologies“). Massy Technologies is one of the largest and most prominent information technology and communications providers in the Caribbean. Massy Technologies offers its customers enterprise IT and communications solutions including […]

    October 7, 2020Business, FeaturedNo comments
  3. Financial arm of Gilinski Group says it’s to acquire FirstCaribbean International Bank

    Barbadians awoke this weekend learning First Caribbean could soon become First Colombian? Seriously, the popular financial entity in the midst of ongoing controversy with its interest rates slashed in what many see as a draconian manner plus new charges added on, now has the additional controversy of a public reaction in discovering via overseas online […]

    November 4, 2019Breaking News, Business, FeaturedNo comments
  4. Royal Fidelity Management Buyout: What Bajans Need To Know

    Royal Fidelity Merchant Bank & Trust Limited announced as a result of a management led buyout, RF Holdings Limited (“RF Holdings“) a newly formed Bahamian holding company, has agreed to acquire 100% of its issued and outstanding shares that were previously held on a 50/50 basis by RBC Royal Bank of Canada and Fidelity Bank […]

    February 6, 2019Business, FeaturedNo comments
  5. Cannonier to purge One Bermuda Alliance of UBP remnants

    A split in the One Bermuda Alliance has widened after Craig Cannonier replaced Jeanne Atherden as Opposition leader, party insiders said yesterday. One source predicted that Mr Cannonier, who led the party to victory at the polls in 2012, would launch “a night of the long knives” to remove one-time MPs from the former United […]

    September 26, 2018PoliticalNo comments
  6. GODDARD ENTERPRISES BUYS OUT MARSHALL TRADING

    Goddard Enterprises Limited (GEL) signed an agreement with Art Holdings Inc. (Art Holdings) to acquire 100% of the shares in Marshall Trading Limited (Marshall Trading), a subsidiary of Art Holdings. The agreement took effect from June 30th, 2017, however the complete transfer process should be concluded in three months’ time, though the company will now […]

    July 18, 2017Breaking News, Business, FeaturedNo comments
  7. C&W NETWORKS WINS WORLDWIDE INNOVATION AWARD FOR WHOLESALE SERVICE

    C&W Networks, part of C&W Communications (C&W), was recently recognized for outstanding industry leadership in wholesale service innovation as it won the Wholesale Service Innovation worldwide award category in the Global Telecom Business (GTB) Telecoms Innovation Awards 2017 in London. C&W Networks, which provides world-leading wholesale telecommunications products and services to over 40 countries in […]

    June 17, 2017Photo Gallery, TechnologyNo comments
  8. Flow celebrates 1st birthday in Barbados

    Bridgetown was transformed into a sea of blue as Flow celebrated its first birthday with an island-wide motorcade that culminated with a free public concert in Hero’s Square entitled ‘Big Blue Live‘. Barbados’ leading telecommunications provider feted hundreds of city shoppers and passers-by with plenty of giveaways and top-notch performances from Flow ambassadors including Lil […]

    July 24, 2016Business, FeaturedNo comments
  9. FLOW & HUAWEI SUCCESSFULLY TESTED 1ST TRIAL OF THE FASTEST COPPER BASED BROADBAND SERVICE WITH G.FAST ACROSS LATIN AMERICA

    Cable & Wireless Communications Plc’s (CWC) business unit in Panama, Cable & Wireless Panama SA (CWP) and Huawei, a leading global information and communications technology (ICT) solutions provider, revealed the first successful trial of the fastest copper based broadband service across Latin America using leading G.fast technology. As a market leader in mobile and broadband […]

    January 18, 2016TechnologyNo comments
  10. SHAREHOLDERS OF BANKS HOLDINGS LIMITED NOW OFFERED BDS $6.20 PER SHARE BY AMBEV’S PROXY, SLU

    SLU, the AmBev subsidiary is satisfied with the High Court of Barbados decision of November 13th to remove the injunction granted November 4th. SLU can now resume the tender offer process currently outstanding. Pursuant to the Order of the High Court, their offer made on October 26th, 2015 for a price per share of BDS$5.60 that originally expired […]

    November 17, 2015Breaking News, Business, FeaturedNo comments
  11. Post Ruling Ansa McAL $6.00 Share offer stands

    Ansa McAL has had an interest in ownership of Banks Holdings Limited (BHL) for over a decade and we will vigorously continue in our efforts to ultimately own the business. However, the Trinidadian conglomerate wishes to assure all interested Barbadians that ANSA Mc AL’s unconditional $6.00 per share offer stands and is still the highest […]

    November 16, 2015Business, FeaturedNo comments
  12. Telecommunication Merger has no Direct Impact on St. Kitts & Nevis

    Minister of Telecommunications and Chairman of the Eastern Caribbean Telecommunications Authority (ECTEL), Vincent Byron, confirmed how the merger between Cable & Wireless Communications Plc. and Columbus International Inc. will not impact St. Kitts and Nevis, as it would the Windward islands like Grenada, St. Vincent and the Grenadines and St. Lucia. The telecommunications minister briefly explained the merger. […]

    November 16, 2015BusinessNo comments
  13. ANSA Mc AL FREEZES TRADING OF BANKS HOLDINGS SHARES

    If Ansa McAL succeeds in bringing Banks Holdings Limited into its vast protfolio of local and ragional businesses, it will cost the conglomerate over 400 million dollars. Mouttet said his group was very keen to avoid any unnecessary delays in the takeover process and had requested of the court a short interim injunction period and […]

    November 8, 2015Business, FeaturedNo comments
  14. Profit increase for Cable & Wireless in Barbados

    Bentley said CWC, who is known in most of the region as Flow, invested heavily with Barbados and now they’re seeking to see a gain on the outlay;- The CEO, who is scheduled to visit Barbados “in a couple weeks” also regretted outages caused as the merged entity’s networks were integrated;- CWC’s overall half year […]

    November 8, 2015Business, FeaturedNo comments
  15. ANSA Mc AL plans to pursue Energy interests

    Barbadian beverage company BHL is not the only pie Ansa McAL wants to get a slice of… This was part of the commentary at Accra Beach Resort when Nicholas Mouttet, CEO and President of Ansa McAL Barbados addressed media on the tussle between itself and Brazilian beer giant AmBev to see who can gain possession […]

    November 8, 2015BusinessNo comments
  16. US $160 Million C&W Investment for Barbados: New Retail Brand, Flow unveiled as company begins significant roll out

    C&W is investing US $160 Million in Barbados as the Company rolls out its new retail brand Flow on the island as part of its merger with Columbus Communications. Barbados is the first country to launch the newly combined retail brand. Niall Sheehy, Country Manager of the ‘new’ Flow, revealed a number of significant developments […]

    July 17, 2015TechnologyNo comments
  17. DIGICEL WELCOMES ANNOUNCEMENT BY ST. LUCIA NTRC OF PUBLIC CONSULTATION ON Lime/Flow MERGER

    Digicel confirmed its strong support for the announcement by the National Telecommunications Regulatory Commission of St. Lucia (‘St. Lucia NTRC‘) of a public consultation process in relation to the merger between Cable and Wireless Communications (‘LIME‘) and FLOW / Columbus Communications Inc. (‘FLOW‘). The St. Lucia NTRC has invited members of the public / all […]

    May 10, 2015TechnologyNo comments
  18. CWC (Formerly Flow/LIME) Recognized as Avaya Central America & Caribbean Mid-Market Partner of the Year

    Cable & Wireless Communications (CWC) today announced it has been recognized as Avaya Central America and the Caribbean Mid-Market Partner of the Year for 2014. In addition to this win, Cable and Wireless received nominations for Project of the Year, Salesperson of the Year and Pre-Sales Engineer of the year. The company received the award […]

    May 7, 2015Featured, TechnologyNo comments
  19. Columbus-LIME Obtains Audio Rights for Barclays Premier league football in the Caribbean for 2015/16 season!

    FLOW-CWC revealed it reached an agreement with talkSPORT, global audio partner of the Barclays Premier League, to acquire live audio streaming rights and official match commentary of Barclays Premier League football across all its markets in the Caribbean and Latin America until the end of the 2018/19 season. CWC has also been granted sponsorship and […]

    May 5, 2015Featured, FootballNo comments
  20. Fair Trading Commission rolls over: Lime & Flow now official, this as Digicel p**sed no end!

    Digicel is respectfully calling upon the Eastern Caribbean Telecommunications Regulatory Authority (‘ECTEL‘) to publicly clarify and confirm the present status of the regulatory approvals process being undertaken by them in conjunction with the National Telecommunications Regulatory Commissions (‘NTRCs‘) in relation to the proposed merger between Cable and Wireless Communications (‘CWC‘) and FLOW / Columbus Communications […]

    March 28, 2015BusinessNo comments
  21. F.T.C WELCOMES COMMENTS ON PROPOSED LIME/FLOW MERGER

    The Fair Trading Commission (FTC) is inviting all service providers, businesses, representatives of consumer groups, and other parties interested in the proposed merger of Cable & Wireless Communications PLC and Columbus International Inc. to submit comments on the merits and demerits of this merger. Comments should be sent to the Chief Executive Officer, Fair Trading […]

    December 24, 2014TechnologyNo comments
  22. OPEN LETTER ON FLOW’S PROPOSED ACQUISITION BY CWC, FROM DIGICEL BARBADOS BOSS; “Start Telling the Truth Cable & Wireless”

    I was initially pleased to see that a Cable & Wireless representative took the time to respond to my letter on the proposed acquisition of Columbus by Cable and Wireless but after reading his response I was disappointed to see that Chris Dehring didn’t take on board my comments nor did he take the opportunity to […]

    December 10, 2014Editorial, Technology1 comment
  23. Digicel responds to Proposed acquisition of Columbus International by Cable & Wireless

    Digicel notes today’s public announcement in relation to the proposed acquisition of Columbus International Inc. (“Columbus“) by Cable and Wireless Communications Plc (“CWC“). Digicel understands that the proposed acquisition will require significant regulatory approvals from a number of bodies in the region; including Ministerial approvals, approvals from Regulatory Bodies as well as approvals from certain […]

    November 6, 2014Business, FeaturedNo comments
  24. MICHAEL KORS ANNOUNCES EYEWEAR LICENSE WITH LUXOTTICA

    Just think, when next you go Holetown, you may see a new range of eyewear at Limegrove? That’s because Michael Kors Holdings Limited and Luxottica Group announced they signed a new and exclusive eyewear license agreement for the Michael Kors Collection and MICHAEL Michael Kors eyewear. The first collection produced with Luxottica will launch in […]

    April 27, 2014FashionNo comments
  25. Goddard Catering Group acquires Company in Aruba

    Airline Catering in Aruba will take on a new look with the acquisition of Calloway Corporation by the Goddard Catering Group. The acquisition, which took effect on February 1st 2014, is not expected to affect the Company’s 70 employees who presently provide a full suite of catering services to private jets, narrow body and wide […]

    April 22, 2014Agriculture, BusinessNo comments