Cable Bahamas – Company gets Government Approval for $80M buyout and Preferential Share offer

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Cable Bahamas Ltd. ("Cable Bahamas") (BISX: CAB) announced today that the necessary approval from the Central Bank of The Bahamas has now been granted to Cable Bahamas for its major recapitalization project, which includes an $80M buy back of the shares of its controlling shareholder and primes the company to take full advantage of communications opportunities ahead.