& cplSiteName &

Malone Buys Into Caribbean Cable Provider

Light Reading
LR Cable News Wire Feed
Light Reading
1/22/2013
50%
50%

BRIDGETOWN, Barbados -- Columbus International Inc. ("Columbus" or the "Company"), a diversified telecommunications provider in the Caribbean, Central America and Andean region, is pleased to announce the recent addition of Dr. John C. Malone as a new equity shareholder in the Company. Dr. Malone's investment was facilitated through the acquisition of secondary shares from existing shareholders in addition to the purchase of primary shares that will be issued from the Company's treasury. As a result of this transaction, Dr. Malone will become the largest single minority investor in Columbus. Dr. Malone will also have representation on the Company's Board of Directors. The investment in Columbus was made in Dr. Malone's personal capacity and is in no way connected to his other business interests in the Liberty Group of Companies. The addition of Dr. Malone will further strengthen the position of Columbus as the premier telecommunications company in the markets in which it operates. "Having a high-caliber investor in Dr. Malone join the Columbus family is an achievement for which we are both extremely proud and excited," said Brendan Paddick, chairman and chief executive officer of Columbus. "Dr. Malone's reputation as a world class telecommunications operator and investor is second to none. We look forward to working with Dr. Malone and his team of advisors, leveraging their skills, industry experience, insights and business acumen as we continue to build upon the successes we've achieved to date at Columbus." The Company intends to use the net proceeds from the issuance of primary shares to accelerate the completion of its current capital plans, fund potential future acquisitions, enhance balance sheet liquidity and flexibility and for general corporate purposes. The net proceeds of this transaction will help the Company capitalize on near-term opportunities and provide additional flexibility to prudently manage its financial position. Columbus International

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
Light Reading founder Steve Saunders talks with VMware's Shekar Ayyar, who explains why cloud architectures are becoming more distributed, what that means for workloads, and why telcos can still be significant cloud services players.
Flash Poll
Upcoming Live Events
May 14-16, 2018, Austin Convention Center
May 14, 2018, Brazos Hall, Austin, Texas
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
I'm Back for the Future of Communications
Phil Harvey, US News Editor, 4/20/2018
BDAC Blowback – Ex-Chair Arrested
Mari Silbey, Senior Editor, Cable/Video, 4/17/2018
Verizon: Lack of Interoperability, Consistency Slows Automation
Carol Wilson, Editor-at-large, 4/18/2018
AT&T Exec Dishes That He's Not So Hot on Rival-Partner Comcast
Mari Silbey, Senior Editor, Cable/Video, 4/19/2018
Facebook Hearings Were the TIP of the Data Iceberg
Dan Jones, Mobile Editor, 4/20/2018
Animals with Phones
That Explains the Chewed Wires Click Here
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed