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Cable & Wireless Communications Plc agreed to buy 51 percent of Bahamas Telecommunications Company for $210 million to prop up its ailing Caribbean business. The stock rose as much as 3.6 percent in London trading.
The company has already signed a non-binding memorandum of understanding with the government of the Bahamas.
Cable and Wireless says their aim is to complete the transaction in the first quarter of 2011. The company and the government will work together to complete due diligence, finalize terms and obtain regulatory clearances.
From December 16 to 24, locals in St. Vincent and the Grenadines participate in this annual celebration, the Nine Mornings Festival, which spans nine days of festivities from 4 am to dawn.The festival unique to St. Vincent and the Grenadines, features a series of pre-dawn street concerts, fetes, beach limes, fairs, games, contests, storytelling, and steel pan music that take place each of the nine days before Christmas in various towns and villages.
Flights into Bermuda from UK with airline British Airways could land tomorrow if the snow condition at Britain’s Gatwick Airport eases.
BA’s Bermuda airport manager Marianne Wilcox said the Island’s Gatwick connection, grounded since Sunday by severe weather, should start operating with BA flight 223 departing Gatwick at 2.25pm Friday, due into Bermuda 6.20pm.
The son of former People’s United Party (PUP) mayoral candidate Cecil Reneau, has been charged with Tuesday night murders of 39-year-old David Longsworth – whose father is former Belize Ambassador to the Caribbean Community (CARICOM), and security guard Edward Ayala.Less than 24 hours after the son of the former diplomat was gunned down, along with the guard, at a gas station in Belize City, police have charged the son of a politician with the killings.
Police are looking for at least one other suspect.
COME next January, scores of fans will be able to watch Buju Banton perform live for the first time since his arrest last year in the United States on cocaine and weapon charges.
The way has been made clear for Banton to appear on the January 16 show in Miami, Florida.
Judge James Moody overturned a previous decision by Magistrate Judge Anthony Porcelli not to grant the Jamaican-born artiste permission to perform on the reggae show.
Mark Myrie aka Buju Banton had on November 23 applied for permission to perform at the concert, originally scheduled for December 26, but Porcelli dismissed the motion on the grounds that the artiste was a flight risk.
A teenager in Jamaica has been charged with the alleged murder of a man who he claims was making homosexual advances towards him.
The man was charged after the body of 40 year old Samuel Hardware was found in the back of the accused yard with several stab wounds. The dead man was clad in a pair of jeans belonging to the accused.The teenager, who is charged with murder, was remanded by Jamaica’s Senior Resident Magistrate Marcia Dunbar-Green after he told the court he had no legal representation. He returns to court on January 6. He pleaded not guilty.
Port of Spain Trinidad…
Billionaire businessman Lawrence Duprey is orchestrating decisions which could see him wresting control of his once-mighty CL Financial from Government as early as 2012.
Duprey, who last year resigned as chairman of CL Financial and subsidiary CLICO, the country's largest insurer, has met the management of CL-owned Scotland spirits producer in London and is said to be still relaying instructions to senior CL executives, Government sources confirmed yesterday.At the centre of the manoeuvres is a transaction involving the sale by Duprey last year of CLICO Energy to a German business group called Proman.
Barbados National Bank Inc. (BNB) has launched its Flex Rewards Program a system that generates points every time your personal BNB Visa Classic, Visa Gold or Visa Platinum card is swiped.
The points can be redeemed at any Visa merchants’ island wide in exchange for various products and services.