Telecommunications company Digicel has responded to the news of Cable and Wireless Communications’ plans to buy Columbus International. Digicel notes today’s public announcement in relation to the proposed acquisition of Columbus International Inc (“Columbus”) by Cable and Wireless Communications Plc (CWC).
Although the full details of the proposed merger have not yet been made public, Digicel is naturally concerned about the clear and obvious challenges and potential issues posed by such a proposed move from a Regulatory and Competition perspective.
Digicel understands that the proposed acquisition will require significant regulatory approvals from a number of bodies in the region; including Ministerial approvals, approvals from Regulatory Bodies as well as approvals from certain anti-trust agencies. MORE