RA Issue Approval: ATN Acquisition Of KeyTech

April 28, 2016

The Regulatory Authority has today issued its approval of the proposed acquisition of 51% of KeyTech shares by Atlantic Tele Networks Inc.

Chief Executive of the Regulatory Authority, Matthew Copeland, commented: “The ATN transaction offers the prospect of significant levels of financial investment into the various businesses and networks owned by KeyTech.

“As such, it offers the associated prospect of intensifying competition in the telecommunications sector and the parallel delivery of better broadband and telecommunications services for the citizens of Bermuda.”

The decision follows below [PDF here]:

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  1. Um.... says:

    No surprise here. Someone has to be allowed to compete with Digicel.