Cable and Wireless to buy Barbados telecom company

Cable and Wireless Communications announced Thursday that it has agreed to acquire Columbus International, a telecommunications provider based in Barbados, in a deal valued at $3.02 billion. Cable and Wireless said the acquisition will enable the company to significantly accelerate its growth strategy, improve service delivery and offer a more comprehensive portfolio of products and services.

Cable and Wireless is a full-service communications provider operating in 16 countries throughout the Caribbean and Latin America.

Nancy Dahlberg

This story was originally published November 6, 2014 at 4:07 PM with the headline "Cable and Wireless to buy Barbados telecom company."