Bonnie Posted May 17, 2016 Share Posted May 17, 2016 From this morning's Newsroom Panama: Cable and Wireless sold l for $7.4 billion Posted on May 16, 2016 in Latin America, Panama Post Views: 195 Share: CABLE AND WIRELESS Communications changed hands on Monday May 15 with the completion of the $7.4 billion sale to Liberty Global The deal was approved in November 2015 by the C&W Board of Directors. Liberty Global is a cable television company with almost 27 million subscribers and annual revenues of approximately $18 billion. Its owner is American John Malone. C&W operates in 20 countries, with 10 million customers and $3.5 billion in annual revenues. Its operations in Panama are co-owned with the government. Quote Link to comment Share on other sites More sharing options...
Keith Woolford Posted May 17, 2016 Share Posted May 17, 2016 (edited) This is not good news for consumers, imo. Liberty Global is the international arm of Liberty Media and one of the largest suppliers of broadband internet service in the world. John Malone's business actions have earned him nicknames such as Darth Vader and Mad Max. His communications empire stretches far and wide. He is also America's single biggest landholder, apparently personally possessing a good portion of Maine. Liberty Capital owns the Atlanta Braves. Liberty Media was behind familiar names like DirecTV, Game Show Network, Court TV, Starz Media, etc. Through the now completed acquisition of Cable and Wireless Communications, Liberty Global has become the owner of the largest pay-TV and broadband provider in the Caribbean, FLOW as well as BTC (Bahamas Telephone Company) and Cable and Wireless Panama, as well as a key player in mobile (competing against wireless heavyweight, Digicel in all most FLOW territories) and owner of offshore undersea fiber links to and from the region as well. In addition, the company also owns CWC's operations in the Seychelles named Cable and Wireless Seychelles, providing fixed broadband and voice, pay-TV and mobile voice and broadband to the islands of Seychelles. The company also owns C&W Business and C&W Networks, which serve business and corporate customers in the Caribbean and Latin America. https://en.wikipedia.org/wiki/Liberty_Global Edited May 17, 2016 by Keith Woolford 1 Quote Link to comment Share on other sites More sharing options...
JudyS Posted May 17, 2016 Share Posted May 17, 2016 Why is it bad news? The new owner might provide better and expanded service. Quote Link to comment Share on other sites More sharing options...
Roger B Posted May 17, 2016 Share Posted May 17, 2016 We all hope that the service improve.... Quote Link to comment Share on other sites More sharing options...
Bonnie Posted May 17, 2016 Author Share Posted May 17, 2016 My Mas Movil phone service has been great overall. In the last two days, however, we've experienced two outages. I'm wondering if this has anything to do with the change in ownership. Maybe they're already making changes? Quote Link to comment Share on other sites More sharing options...
JaneRitz Posted October 14, 2017 Share Posted October 14, 2017 I have Mas Movil and for the last year or so have re-charged online at services that top up minutes for carriers worldwide. When I just went to two of those sites, they no longer show Mas Movil as a provider in Panama. Digicel has apparently 'replaced' them. I tried C&W directly, where I used to buy minutes online, but for whatever reason my order wouldn't go through. Anybody use Digicel? Maybe it's time to switch. And where do I go to get their sim card? Quote Link to comment Share on other sites More sharing options...
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