Nassau-based cableco Cable Bahamas hopes to expand to the nearby US state of Florida, the Associated Press reports. The company has suggested that a mooted USD65 million acquisition for three privately-owned as-yet-unnamed telecoms operators in Florida would give it access to millions of potential customers in the so-called ‘Sunshine State’. However, the deal is subject to pending financial and regulatory approvals. Cable Bahamas CEO Anthony Butler says the company would offer broadband, cable TV and voice telephony in Florida. He said that the company’s growth has been ‘constrained by the size of the market in the Bahamas’, so the Florida deal would be a major boon for the business.
The Bahamas is a country consisting of more than 3,000 islands in the Atlantic Ocean. It is situated north of Cuba and Hispaniola (the Dominican Republic and Haiti), northwest of the Turks and Caicos Islands and southeast of Florida.