Columbus receives formal approval for TeleBarbados acquisition

BRIDGETOWN, BARBADOS - Columbus International Inc. has announced that it has officially acquired formal approval to enter the Barbados telecommunications market. The approval includes the acquisition of Telebarbados and all requisite licenses to provide wholesale and retail broadband-enabled services for both businesses and consumers. Columbus has posted a YouTube video announcing the acquisition in which Brendan Paddick, CEO of Columbus Communications, outlines the company’s plans to invest $80 to $100 million in its network in Barbados over the next three years. The network will offer consumers broadband Internet, digital landline telephone and advanced Internet protocol based video services under the...