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Columbus International Inc. Completes Acquisition of Karib Cable

Apr 8 2013 12:00AM

Marketwire

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BRIDGETOWN, BARBADOS -- (Marketwired) -- 04/08/13 -- Columbus International Inc. ("Columbus" or the "Company"), a diversified telecommunications provider in the Caribbean, Central America and Andean region, is pleased to announce that it has completed the previously announced acquisition of Kelcom International Limited and certain of its related companies (together "Kelcom").

Kelcom operates under the name Karib Cable and is the leading cable system operator in St. Lucia, St. Vincent & the Grenadines and Antigua. The company also holds a host of telecom licenses in Barbados where it is in the early stages of network deployment. Karib Cable's fiber-deep HFC cable systems pass approximately 110,000 homes and employ 300 telecom professionals across the four countries and offer cable television, high-speed Internet and telephony services.

With the completion of the transaction, Columbus' retail operations now span eight countries across the region, pass more than 750,000 households and businesses and serve in excess of 550,000 retail customers, further strengthening the Company's position as the leading triple play service provider in the Caribbean.

For further information please contact Rhea Yaw Ching at ryawching@columbus.co.

ABOUT COLUMBUS

Columbus International Inc. is a privately held diversified telecommunications company based in Barbados. The Company provides digital cable television, broadband Internet and digital landline telephony in Trinidad, Jamaica, Barbados, Grenada and Curacao under the brand name FLOW and in St. Lucia, St. Vincent & the Grenadines and Antigua under the brand name Karib Cable. Columbus also provides corporate data and cloud based services under the brand Columbus Business Solutions. Through its wholly owned subsidiary, Columbus Networks, the Company provides capacity and IP services, corporate data solutions and data center hosting throughout 27 countries in the greater Caribbean, Central American and Andean region. Through its fully protected, ringed submarine fiber optic network spanning close to 18,000 km and its 24,000 km terrestrial fibre and coaxial terrestrial network, Columbus' 2,400 plus professionals provide advanced telecom services to a diverse residential and corporate client base of over 550,000 customers. Visit www.columbus.co



Source: Marketwire


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