Barbados gives conditional approval to LIME – Columbus merger

The Fair Trading Commission of Barbados (FTC) has given conditional approval for Cable and Wireless Communications (CWC) to acquire Columbus International.

The FTC said that CWC (which operates under the LIME brand) and Columbus should remove overlapping telecoms networks of LIME and Flow in the country.

The regulator said that the operators should find a buyer for the networks. The FTC must approve the application before materializing the sale of assets.

In November 2014, Cable & Wireless Communications (LIME) signed an agreement to acquire Columbus International for US$1.85 billion.

Columbus offers cellular services under the Flow brand in Trinidad & Tobago, Jamaica, Barbados, Grenada and Curacao, and also serves St. Lucia, St. Vincent & the Grenadines and Antigua & Barbuda under the brand name Karib Cable.

The acquisition was already approved in Jamaica and Trinidad & Tobago.

Source: Telecompaper