Karib Cable operates in St Lucia, St Vincent and the Grenadines, and Antigua and holds a host of telecom licenses in Barbados where it is in the early stages of network deployment. Karib Cable reaches approximately 110,000 homes and serves close to 60,000 customers offering cable television, high-speed Internet and telephony services.
Columbus is a diversified telecommunications provider in the Caribbean, Central America and Andean region and this acquisition marks the fifth significant transaction and third acquisition entered into in the last twelve months as the company continues to scale-up its operations in the region.
The telecommunications company provides digital cable television, broadband Internet, digital landline telephony in Trinidad, Jamaica, Barbados, Grenada, and Curacao under the brand name, FLOW and corporate data and cloud based services under the brand Columbus Business Solutions.
Upon completion of this transaction, Columbus’ retail operations will span eight countries across the region, pass more than 750,000 households and businesses and serve in excess of 500,000 retail customers, further strengthening the Company’s position as the leading triple play service provider in the Caribbean.
“The acquisition of Kelcom marks another important milestone for Columbus as we expand our service footprint to deliver our brand of services across the Caribbean region,” said Brendan Paddick, chairman and chief executive officer of Columbus. “We believe that this is an exciting opportunity to build upon Kelcom’s past successes to offer a truly world-class suite of services and technologies to the people and businesses of St. Lucia, St. Vincent & the Grenadines and Antigua. We look forward to welcoming Kelcom, its customers and its approximately 250 talented professionals into the Columbus family.”
Reprinted from Caribbean360