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Cable & Wireless buys Columbus Intl


LONDON (AFP) – British telecoms firm Cable & Wireless Communications, parent company of LIME, on Thursday agreed to buy Barbados-based peer Columbus International, operators of Flow Jamaica, for US$1.85 billion.

CWC said in a statement that it will also assume US $1.17 billion of Columbus debt, taking the total value of the transaction to US $3.02 billion.

Published in the Jamaica Observer
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