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"CABLE & WIRELESS COMMUNICATIONS (CWC) should be under new ownership from today. The long-time Caribbean telecoms provider is being taken over by Liberty Global, owned by American billionaire John Malone. Last November, Liberty, which has its headquarters in London, offered to buy CWC in a cash-and-stock transaction valued at £3.5 billion (BDS$10 billion). It is already the world’s largest international cable television company and one of the largest broadband Internet service providers. Last Friday in London, it was announced that the delisting and cancellation of CWC shares on the London Stock Exchange would take effect from today.", www.nationnews.com
"Liberty Global has completed acquisition of Cable & Wireless Communications Plc, a deal said to be worth US$7.4 billion. CWC businesses will fall under the LILAC Group, which encapsulates Liberty’s operations in Latin America and...", jamaica-gleaner.com
"Liberty Global today announced that it has completed the acquisition of Cable & Wireless Communications Plc (CWC) which trades in Jamaica under the Flow brand. The transaction valued at approximately US$7.4 billion. Liberty Global says the CWC...", jamaica-gleaner.com
"BARBADOS IS IN LINE for a fresh injection of investment following yesterday’s US$7.4 billion acquisition of Cable & Wireless Communications (C&W) by Liberty Global plc, the world’s largest cable company. And Liberty Global chief executive officer (CEO) Michael Fries says it will be business as usual “for the time being” for C&W operations here and in the region, with the Flow brand also expected to be retained. Fries, and interim C&W CEO John Reid, who replaces outgoing boss Phil Bentley, were speaking yesterday during a teleconference with journalists from the Caribbean and Latin America.", www.nationnews.com
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