SOURCE: Columbus Communications

Columbus Communications

September 12, 2012 18:28 ET

Columbus International Inc. Obtains Licenses to Acquire TeleBarbados Inc., Introduces Flow and Columbus Business Solutions Into Barbados Telecom Market

BRIDGETOWN, BARBADOS--(Marketwire - Sep 12, 2012) - Columbus International Inc. ("Columbus") has announced that it officially acquired formal approval to enter the Barbados telecommunications market. The approval includes the acquisition of TeleBarbados and all requisite licenses to provide wholesale and retail broadband-enabled services for both businesses and consumers.

In his video address to CTU ICT Roadshow attendees, Brendan Paddick, ceo of Columbus Communications, stated that, "Barbados' high quality infrastructure, excellent workforce and reliable institutions provides the foundation for Barbadians to use technology to transform their country." He continued, "Having effectively lowered telecommunications costs, provided affordable access and forced existing players to raise their game in every market we have entered, Columbus is eager to replicate the same success in Barbados."

Over the past eight years, Columbus has invested well over $1 billion in its subsea and terrestrial networks, which now span 23 countries. The network powers Columbus' retail brands: Flow, a consumer-focused triple-play video, broadband and voice provider, and Columbus Business Solutions, which offers business class ICT solutions.

According to Mr. Paddick, "We've enabled a whole new e-business sector in the Caribbean, creating jobs and economic value in every market that we have entered. We have seen the transformation of citizens' lives as they have evolved with broadband and technology. It is the same journey that we will enjoy embarking on in Barbados. With a planned USD$80 million investment over the next three years, together we will endeavor to make Barbados an even more enviable place in which to live and to conduct business."

ABOUT COLUMBUS:
Columbus International Inc. is a privately held diversified telecommunications company based in Barbados. The Company operates in Trinidad, Jamaica, Grenada and Curacao and provides digital cable television, broadband Internet, digital landline telephony under the brand name, Flow and corporate data 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 23 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 21,000 km terrestrial fibre and coaxial network, Columbus' 1,900 plus employees provide advanced telecom services to a diverse residential and corporate client base of close to 500,000 customers.