C&W/Sure to be bought by Bahrain’s telecom company
Tuesday 4th December 2012, 3:00PM GMT.
AN agreement has been reached for Bahrain’s telecom company to buy the part of Cable & Wireless/Sure that includes its Jersey operation for US$680 million.
Subject to approval by competition regulators, the deal will be concluded at the end of March next year.
But it is expected to be ‘business as usual’, according to the chief executive of Cable & Wireless/Sure in Jersey, Graham Hughes.
He said: ‘There are no plans to change the structures and we are looking forward to working with the team at Bahrain Telecommunications Company.’