2 December 2010 – acquisition
The company has signed an agreement to acquire a 51% interest in the Bahamas Telecommunications Company (BTC) from the Bahamian Government. BTC is the exclusive mobile operator in the Bahamas, as well as being a leading provider of fixed-line and broadband services. The purchase is costing CWC US$210m and will be funded from existing cash balances and debt facilities. This is a good acquisition for CWC and continue to rate the shares as a BUY.