Columbus buys Curacao Cable Television N.V.

October 19, 2009 5:38 AM

Columbus Networks can soon offer cable television as a consequence of it’s acquisition of Curaçao Cable Television N.V. (CCT) including the license for a television broadcasting station.

Columbus Networks can use the facilities Curaçao Cable Television already has. The offer will be a so-called “triple play” by which Internet, telephone and television, including American broadcasting stations, can be offered through the same cable.

It was agreed when the license was issued, according to minister Mauricio Adriaens (telecommunications, FOL), that Columbus Networks uses the same tariff for use of the cable network as other local providers do. For instance United Telecommunication Services (UTS) inter alia buys capacity from Americas Region Caribbean Optical-ring System (Acros), 90 percent owned by Columbus Networks, which is its principal operator. Columbus Networks has to offer its company in Curaçao capacity on the cable it now owns itself at the same tariff. “In late October, advertisements will be published in the newspaper to hire staff”, according to Adriaens. According to reports, the new company needs approximately one hundred employees.

The concession for Columbus Networks was already applied for in 2007, and later enforced in legal proceedings. The company obtained permission to operate on the Antilles market in March of last year. The agreement was signed on June 1.

License for fiber optics cable

The sister company Columbus Networks Netherlands Antilles NV already obtained a ministerial license to install an underwater fiber optics cable in 2006. On this basis the head of the Bureau Telecommunications was requested to renew a concession for the telephone service, to thus be able to operate the cable and telecommunications infrastructure.

(Source: local newspaper Antilliaans Dagblad)

14 October 2009

VanEps Kunneman VanDoorne (Reagan Celestijn) assisted Columbus Networks in this acquisition. Curacao Cable Networks was represented by HBN Law. 

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