Friday, April 26, 2024

Merger ruling by month-end

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BARBADIANS WILL KNOW by the end of the month whether LIME will be allowed to merge its local operations with FLOW.

This was revealed by chairman of the Fair Trading Commission (FTC) Sir Neville Nicholls, who told the WEEKEND NATION yesterday that the regulatory body was working on its final decision in the controversial request by Cable & Wireless, trading as LIME, and Columbus Communications which operates FLOW, to become the biggest telecommunications company in the region.

The two companies have combined revenues of US$2.40 billion (BDS$4.8 billion).

“We are still working on it. We hope to send our preliminary findings to the applicants later this month,” Sir Neville said.

geralynedward@nationnews.com

Please read the full story in today’s Weekend Nation, or in the eNATION edition.

 

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