C&W/Sure to be bought by Bahrain’s telecom company
Tuesday 4th December 2012, 3:00PM GMT.
Sure/Cable and Wireless chief executive Graham Hughes
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.’
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A state known for its strong human rights record owns one of our telco’s. Nice
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They will fit right on in hear then, they may even learn a trick or two
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And there was me hoping that the Vodafone purchase of C&W for £1bn would have seen full UK Vodafone presence on the island in a move that would have shaken up the local telecoms industry beyond belief and remove UK roaming charges when on the same network.
Oh well hopefully I can roam without additional costs when I go to Bahrain, are they still rioting there???
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