Telecom Authority of #Trinidad & #Tobago seeks public comments by Jan 12 on proposed acquisition of Columbus International by Cable & Wireless

cable&columbus

On January 5 2015, the Telecommunications Authority of Trinidad and Tobago (TATT) announced it is seeking pubic comments on the proposed acquisition of Columbus International (which includes its subsidiaries Columbus Communications Trinidad Limited (Flow) and Columbus Networks International ) by Cable and Wireless Communications (which is a a minority shareholder in Telecommunications Services of Trinidad & Tobago (TSTT)) by January 12 2015.

Written feedback regarding this solicitation should be directed to TATT at: [email protected]

Here’s the full announcement from TATT dated January 5 2015 :

SOLICITATION OF COMMENTS

THE PROPOSED ACQUISITION OF COLUMBUS INTERNATIONAL INC. BY CABLE AND WIRELESS COMMUNICATIONS (CWC)

On the 6th November 2014, Cable and Wireless Communications Plc announced its proposed acquisition of Columbus International Inc, which includes its subsidiaries Columbus Communications Trinidad Limited (CCTL or FLOW) and Columbus Networks International Limited (CNITL).

In accordance with the Telecommunications Act Chap 47:31 and the Concession Agreement held with all authorised operators, the Telecommunications Authority of Trinidad and Tobago (the Authority) must approve in writing “any transfer of assignment or control” or otherwise, of the Concessionaire  and/or Disposal of Assets by the authorised operator(s). In such undertaking, the approval of the Authority shall not be unreasonably withheld.

The Authority is hereby inviting comments from the public on the proposed acquisition.

All responses will be held in confidence at the Authority. This solicitation process will be open until Monday 12th January 2015.

Details on the acquisition can be found at http://www.cwc.com/

In addition, Trinidad and Tobago’s market data can be sourced from the following links:

Quarterly Market Reports

Annual Market Reports

Written feedback regarding this solicitation should be directed to the Authority at:[email protected]

or

The Corporate Secretary,
Telecommunications Authority of Trinidad and Tobago,
#5, 8th Avenue Extension, Barataria.

Comments to be submitted on or before Monday 12th January 2015.

The Authority shall use its own discretion in the conduct of the assessment of the proposed acquisition and is under no obligation to accept/respond to comments submitted in this process.