Cable Bahamas Ltd has acquired Florida telecommunications firm US Metropolitan Telecom LLC. The sale, which was first announced late last year, is just one of a number of transactions that were given regulatory approval by the Bahamas Government.
Cable Bahamas has proven to be vigorously pursuing worldwide expansion and the latest acquisition is an important part of its plan. The firm has further acquired four broadband and telecom firms based in Florida’s Southwest and Central regions.
The company’s CEO and President, Anthony Butler, said:
“The completion of this acquisition is a significant milestone in our drive to grow and expand our footprint. US Metro’s regional fibre optic network dovetails nicely into our own national and international system to create a mesh of connectivity across the major centres of The Bahamas and the metropolitan markets of Central and Southwest Florida.”
Cable Bahamas now owns and runs an IP network which offers services to a range of commercial and retail markets, ensuring that its number of products increased greatly with the merged businesses. The firm’s market comprises more than 18 million and is among the largest visitor markets in the US.
The southwest regional divisional president, Frank Mambuca, said that the Bahamas and Florida have long-standing histories that they have managed to sustain over the years. He further noted how exciting it is to watch both of their IP networks seamlessly connected, delivering SIP trunking, data services, voice, internet video, IP VPNs and additional cloud services.
Butler added that it is a pivotal and proud moment in the history of Cable Bahamas but that each acquisition is a reflection of the Cable Bahamas business model, which has been mutually built on common products and technology.
Earlier in 2013, FCC approval was given to the transaction in the US.