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CWC's Columbus deal gets Trinidad approval

27 March 2015 09:41

Cable & Wireless Communications has received regulatory approval for its $1.85bn acquisition of Columbus International Inc from the Telecommunications Authority of Trinidad and Tobago.

Columbus is a leading privately-owned fibre-based telecommunications and technology services provider operating in the Caribbean, Central America and the Andean region.

Further to the consent, CWC has agreed to divest its 49% shareholding in TSTT within an appropriate period following completion of the acquisition.

Completion of the acquisition remains subject to the satisfaction or waiver of certain other conditions, including regulatory approvals in Barbados.

At 9:41am: (LON:CWC) Cable Wireless Communications Plc share price was -0.32p at 59.58p

Story provided by StockMarketWire.com

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