Cable Bahamas Ltd (CBL) has secured US regulatory approval for its planned acquisitions of Florida-based cablecos Summit Broadband and US Metropolitan Telecom, after security concerns delayed the matter. Earlier this week the Federal Bureau of Investigation (FBI) and the Department of Homeland Security withdrew their request to the Federal Communications Commission (FCC) to defer a decision on CBL’s takeovers, noting that: ‘Based on the information provided to the agencies by the applicant [Cable Bahamas], and analysis by the agencies of potential national security, law enforcement, and public safety issues, the agencies hereby notify the Commission that they have no objection to the application.’ CBL is also looking to take over a third operator, Marco Island Cable though that deal is yet to be green-lit by US authorities. The trio of purchases, worth a total of USD89 million, are still awaiting approval from Bahamian regulators.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors