THE BUYER has become the seller in a US$8.1 billion deal that sees international cable television giant Liberty Global reaching an agreement to acquire Cable & Wireless Communications Plc (CWC).
But even as he predicted the transaction would “bring a powerhouse to the Caribbean”, CWC chief executive officer Phil Bentley said it would be business as usual for CWC’s operations in the Caribbean as the company continued its rebranding after buying Columbus Communications.
In the case of Barbados, he also said promised investments would continue and that there was unlikely to be changes to the company’s management or a name change.
Speaking during a teleconference with Caribbean journalists yesterday, Bentley said the acquisition was a “win-win-win” for the company’s shareholders, its employees and customers in the region, given that Liberty Global was “the world’s largest international cable television company”. (SC)
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