The CARICOM Competition Commission yesterday said it is studying the proposed US$3B acquisition by Cable & Wireless of regional cable provider Columbus International which has sparked regulatory concerns across the Caribbean.
In a statement, the Suriname-headquartered body said that as part of its monitoring of business activity in the Caricom Single Market and Economy (CSME) it took note of the announced transaction on 6th November 2014 by Cable and Wireless Communications (CWC) and Columbus International Inc. (‘Columbus) and began an internal preliminary assessment of the transaction based on available public information.
The Commission said it will make a further announcement at the conclusion of its internal review process on its strategy and plans for addressing the announced transaction.
The release noted that the Commission’s role is to implement
