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Cable Bahamas plans Florida expansion

A cable and Internet provider in The Bahamas says it is planning to expand to the nearby US state of Florida. Cable Bahamas Ltd says a $65-million deal would give the Nassau-based company access to millions of potential customers in the state. 

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TheBahamasInvestor.com
Monday, October 29, 2012
Monday, October 29, 2012

ALT TAG HEREOctober 29, 2012 (AP) — A cable and Internet provider in the Bahamas says it is planning to expand to the nearby U.S. state of Florida.

Cable Bahamas Ltd. says a $65 million deal would give the Nassau-based company access to millions of potential customers in Florida. The deal is subject to pending financing and regulatory approvals. It would involve the acquisition of three privately-owned telecoms in Florida.

CEO Anthony Butler says the company would offer Internet, cable TV and telephone services to Florida residents. He said Sunday that the company’s growth has been “constrained by the size of the market in the Bahamas” so the Florida deal would be a major boon for the business.


The Bahamas archipelago is off Florida’s eastern coastline. The islands have a population of roughly 350,000 people.

© 2012 AP DIGITAL

The Prime Minister is touring the Family Islands to assess the damage left in the wake of Hurricane Sandy. Pictured: (Grand Bahama) Prime Minister Perry Christie listens to Era Gibson, a resident of Queen’s Cove, Grand Bahama, while she explains her experience October 28, 2012. (BIS Photo/Peter Ramsay). See more photographs of the destruction after the jump.

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