Commercial History

Caribbean Crossings, established in February 2000, brought into service the Bahamas Internet Cable System (“BICS”), a 1,000-kilometer self-healing, route diverse, unrepeated fibre optic subsea network, on July 1, 2001. The entire system cost $31 million. Caribbean Crossings, through its parent, Cable Bahamas Limited, provides a wholly owned all fibre optic local loop network and is not reliant on the incumbent telecommunications carrier to terminate circuits in the Bahamas. Cable Bahamas Ltd. is a public company owned by 2,400 Bahamians that provides cable TV, high-speed Internet and fixed line voice services. The company provides services on 16 different islands throughout the Bahamas.