Over Sixty High Definition Channels Launched

REV Marketing Press Releases, REVTV 0 Comments

Cable Bahamas announced today its Rebirth of Television with the launch of over sixty high definition channels (HD), clearer digital picture and more variety in programming. This is the next step in Cable Bahamas' journey into the enhancement of its REVTV product following the launch of HBO On Demand in December of last year.

Cable Bahamas completes SRG acquisition

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Today, Cable Bahamas Ltd. (CBL) announced the completion of the purchase of 100% of the shares of Systems Resources Group Ltd (SRG), thus becoming a wholly owned subsidiary. This makes CBL the first communications Triple Play provider in the Bahamas offering TV, broadband and voice services. The net consideration paid for the purchase was $10.8M.

US Regulator approves merger

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A further landmark was achieved last week in the progress towards a merged Cable Bahamas/Systems Resource Group Limited (SRG) when the Federal Communications Commission (FCC) in the United States approved the application for a change in control of SRG with respect to its FCC authorised section 214 License. This prerequisite was necessary to allow the merged company to continue to provide international telecommunications services into and from the US as a global facilities-based provider. This comes on the back of the approval last month of URCA, The Bahamas’ regulator for the communications sector, for SRG to merge with Cable Bahamas and represents a major step forward in allowing CBL and SRG to complete their sale and purchase agreement (SPA) to form a merged company.