Cable & Wireless completes acquisition of stake in the Bahamas Telecom Company

Cable & Wireless Communications has put the final touches of its acquisition of a 51 percent stake in the Bahamas Telecommunications Company (BTC).

Bermuda's government has been paid the $210 million purchase price and $14.3 million in-kind and cash completion dividends from BTC.

Already operating in Bahamas under the LIME brand, CWC will apply a business and restructuring plan for BTC that it says will expand its services and increase its customer focus. In addition, CWC plans to conduct a voluntary workforce restructuring program next year.

For more:
- TeleGeography has this article

Related articles:
Cable & Wireless formalizes purchase of Bahamas Telecom Company
Cable & Wireless to purchase a big piece of Bahamas Telecommunications
SingTel considers bid for Cable & Wireless Worldwide
Rumor mill: AT&T could move to acquire C&W Worldwide

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