BY THE MIDDLE of next week Barbadians will know whether LIME and FLOW will get the green light to join forces in Barbados.
Sir Neville Nicholls, chairman of the Fair Trading Commission (FTC), the regulatory body empowered to approve or turn down the request, told the DAILY NATION yesterday that the much-anticipated decision would come next week.
LIME, the trading name of Cable & Wireless Barbados, and FLOW, the subsidiary of Columbus, applied to the FTC for permission to merge their operations in Barbados following an announcement in England that Cable & Wireless would buy Columbus
for US$1.85 billion (BDS $3.7 billion).
The communications giant said it would also cover Columbus Communication’s US$1.7 billion (BDS $3.4 billion) in debt. (GE)
