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Cable & Wireless CEO meets with PM

Cable and Wireless Communications (CWC) chief executive officer, Geoff Houston, has met with the Bahamian Prime Minister during a visit this week. CWC has recently bought a controlling stake in Bahamas Telecommunications Company. Photo: Prime Minister Hubert Ingraham (right) greets Cable and Wireless chief executive officer, Geoff Houston, during a courtesy call to the Office of the Prime Minister, Cable Beach on September 28. (BIS Photo/Peter L. Ramsay) 

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TheBahamasInvestor.com
Thursday, September 29, 2011
Thursday, September 29, 2011

Prime Minister Hubert Ingraham met with Cable and Wireless Communications (CWC) chief executive officer, Geoff Houston, during a courtesy call to the Office of the Prime Minister, Cable Beach, on September 28.

CWC acquired a 51 per cent controlling stake in the previously state-owned Bahamas Telecommunications Company (BTC) in April this year.

The shares were purchased at a cost of $210 million.

Prime Minister Hubert Ingraham, in his capacity as chairman of the World Bank group and the International Monetary Fund (IMF), addressed the opening of the 2011 World Bank/IMF Annual Meetings in Washington, DC, last week. Watch the video of his address below.

Outgoing Bahamas Financial Services Board CEO Wendy Warren outlined plans to rebrand financial services at the organization's AGM yesterday. Warren also said that there was no room for complacency in an ever changing economic and regulatory environment.

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