Thursday 17 June 2021

Cable & Wireless Comes to Costa Rica

COSTA RICA BUSINESS NEWS — Cable and Wireless has acquired the company Columbus International, from Lazus SAS, a Costa Rican company that operates in the corporate telecommunications market.

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

CW1With this acquisition Cable & Wireless will increase its presence in Central America, adding to Panama, where it ventured after acquiring 49% of the shares of the public operator.

- Advertisement -

The Financial Times says Cable and Wireless will pay us$1.9 billion plus assume about us$1.2 billion in net debt from Columbus’ balance sheet, pushing the total value of the acquisition to us$3.1 billion.

This is a transaction that transforms CWC, providing a step-change in growth and returns,” Phil Bentley, CWC’s chief executive is quoted as saying.

Elfinancierocr.com reports that “… The acquisition is part of its new investment strategy that focuses on the segments in which it already has a presence: mobile, convergence of mobile and fixed services; Pay TV; and corporate services and has a backing of $1,050 million in capital.”

‘… The acquisition must now be approved by the regulatory authorities and the test will not be easy. the mobile operator Digicel, with a strong presence in the Caribbean, announced its opposition to C & W’s purchase of Columbus ”

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Informants assisted OIJ in corruption investigations, says the minister

QCOSTARICA - The investigation into alleged bribery of public officials in...

MOST READ

Lack of space on Racsa’s hard drive paralyzed immigration consultation at the airport this Monday

RICO's DIGEST - We've all had this happen, your computer's hard drive is full and your computer crashes. But we are not the Radiográfica...

Nicaragua’s Foreign Minister absent from the summit of Central American presidents

QCOSTARICA - The Daniel Ortega government sent its ambassador to Costa Rica, Duilio Hernández, as its representative to the summit of Central American presidents...

Tourism’s path to recovery

QREPORTS - A new travel trends research paper released today by Tripadvisor®, the world's largest travel guidance platform, reveals that vaccine rollouts globally are...

On Monday the vehicle restriction will change, again

QCOSTARICA - In times of pandemic, things change constantly, especially when it is necessary to tighten the belt to reduce the contagion of covid-19. The...

Opinion: Peru’s electoral drama is damaging democracy

Q REPORTS (DW) In Peru, the left-wing village school teacher Pedro Castillo has in all probability been elected the new president. The fact that...

5.7 Quake jolts Costa Rica

2021-06-10 17:27:0.5, Magnitude: 5.76, Depth 10.0 km, Epicenter: 95.5 km Southwest Malpais de Puntarenas. The jolt was felt also in the Central Valley. No reports...

13 Powerful Home Remedies for Acne

Acne is considered to be one of the most common skin ailments on the planet, with a record 60 million people being afflicted by...

Today’s Vehicle Restriction: June 11, “EVENS”

Today, Friday, June 11, only EVENS can circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save for those under the...

Today’s Vehicle Restriction: June 12, “ODDS”

Today, Saturday, June 12, only ODDS can circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save for those under the...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.