Hashtag: #KeyTech

KeyTech Change Name To One Communications

KeyTech Change Name To One Communications

In a filing with the Bermuda Stock Exchange, KeyTech Limited today [Feb 14] announced that KeyTech has changed its name to One Communications Ltd effective today. The filing stated, “We are pleased to announce that KeyTech Limited has changed its name to “One Communications Ltd.” effective 14 February 2017. “This change was recommended... Read more of this article

KeyTech Earnings For Year Ended March 2016

KeyTech Earnings For Year Ended March 2016

In a filing with the Bermuda Stock Exchange [BSX], KeyTech Limited announced results for the fiscal year ended March 31, 2016, with the consolidated loss from operations being $2.4 million. In May of this year, the Company completed its transaction with ATN International, Inc., whereby the Company acquired all Bermuda Digital Communications [CellOne]... Read more of this article

KeyTech Limited Comments On ATN Transaction

KeyTech Limited Comments On ATN Transaction

In a filing with the Bermuda Stock Exchange [BSX], KeyTech Limited, provided information on the accounting for the recently concluded transaction with ATN International, Inc. The filing stated “KeyTech Limited refers to the transaction in which ATN International, Inc. [ATN] purchased a majority interest in the Company in exchange for ATN’s ownership... Read more of this article

KeyTech & CellOne Create “Full Service Offering”

KeyTech & CellOne Create “Full Service Offering”

In a filing with the Bermuda Stock Exchange, KeyTech Limited and CellOne announced that they have “created a new full service telecommunications offering.” The filing stated, “KeyTech Limited and CellOne, a subsidiary of Atlantic Tele-Network, Inc, announced today that the agreement to combine businesses has closed. “The transaction,... Read more of this article

RA Issue Approval: ATN Acquisition Of KeyTech

RA Issue Approval: ATN Acquisition Of KeyTech

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... Read more of this article

Regulatory Authority Approve ATN/KeyTech Deal

Regulatory Authority Approve ATN/KeyTech Deal

According to the minutes of the Regulatory Authority’s meeting held earlier this month, they have approved the ATN and KeyTech deal, and it will now head to the Minister for final approval. The minutes said, “It was resolved that the joint notification filed by ATN and KeyTech seeking the Authority’s approval of a proposed concentration... Read more of this article

RA Invites Comment On KeyTech & CellOne Deal

RA Invites Comment On KeyTech & CellOne Deal

The Regulatory Authority of Bermuda is inviting the public to comment on the proposed KeyTech and CellOne deal, with the response deadline set for February 12th. Comments must reach the Authority no later than 4:00pm on 12 February 2016 to be considered. Comments can be sent to the Authority via email to kmasters@rab.bm, by post or by hand to: Kyle... Read more of this article

KeyTech’s Six Month Results: Loss Of $3.1 Million

KeyTech’s Six Month Results: Loss Of $3.1 Million

The KeyTech Group of Companies today [Dec 30] announced a loss of $3.1 million for the six-month period ended September 30, 2015, compared with a loss of $19.9 million for the same period in the prior year. “This is an improvement of $0.1 million when normalized for the loss on the sale of BTC. The loss for the period is related to one-time costs... Read more of this article

KeyTech Restructure, Makes 13 Jobs Redundant

KeyTech Restructure, Makes 13 Jobs Redundant

[Updated] Following what they said was a “review of the new combined company in order to continue to operate efficiently and provide our clients with cost-effective services,” KeyTech has restructured their operations which has resulted in 13 job positions being made redundant. KeyTech CEO Lloyd Fray said, “Following a review of the new... Read more of this article

Shareholders Vote For KeyTech & CellOne Deal

Shareholders Vote For KeyTech & CellOne Deal

This morning [Oct 20] shareholders voted in favour of exchanging a 51% interest in KeyTech for ATN’s shares in CellOne and approximately $42 million in cash, and once complete, the transaction will bring together CellOne’s mobile services and network with Logic’s [CableVision] brand for broadband Internet, telephone and video services. Lloyd Fray,... Read more of this article

Telecoms Regulator To Review KeyTech Deal

Telecoms Regulator To Review KeyTech Deal

The Regulatory Authority said they will review the proposed deal between KeyTech Limited and Atlantic Tele-Network Inc. in accordance with its powers under the Section 87 of the Regulatory Authority Act as soon as a formal notification is received from the parties. Regulatory Authority Interim Chief Executive Kyle Masters said that he has had contact... Read more of this article

KeyTech & CellOne To Combine Operations

KeyTech & CellOne To Combine Operations

KeyTech Limited announced that it has entered into an agreement with Atlantic Tele-Network, Inc. that will allow KeyTech, through Bermuda Digital Communications, Ltd., doing business as CellOne, Logic and its other subsidiaries, to create a full service provider of mobile, fixed and international telecommunication services in Bermuda. “The transaction... Read more of this article

KeyTech: Comprehensive Loss Of $1.9 Million

KeyTech: Comprehensive Loss Of $1.9 Million

The KeyTech Group of Companies today [July 29] announces a total comprehensive loss from continuing operations of $1.9 million for the year ending March 31, 2015, compared with $1.7 million in the previous year. Net loss for the year from continuing operations was $15.9 million versus $2.1 million in the prior year. A loss of $18.6 million was attributed... Read more of this article

Bermuda CableVision To Merge With Logic

Bermuda CableVision To Merge With Logic

KeyTech confirmed that its subsidiary has acquired 100% of the issued shares of Bermuda CableVision which will allow CableVision to be merged with Logic Communications, and as a result of the merger Cablevision will be rebranded as Logic. “The KeyTech Group of Companies today announces that its subsidiary has acquired 100 per cent of the issued... Read more of this article

Six Months: KeyTech Posts Loss Of $19.9 Million

Six Months: KeyTech Posts Loss Of $19.9 Million

The KeyTech Group of Companies today [Mar 24] announced a loss of $19.9 million for the six month period ended September 30, 2014, compared with earnings of $6.4 million for the same period in the prior year. The loss was related to the sale of BTC. KeyTech CEO, Lloyd Fray [pictured] commented: “During the six month period ended September 30th, 2014,... Read more of this article

Bermuda First Investment Company Results

Bermuda First Investment Company Results

Bermuda First Investment Company Limited [BFIC], a BSX listed investment holding company which owns a number of significant investments in BSX Bermuda listed companies, announces its results for the three months ended September 30, 2014. Highlights: Revenue of $0.2 million [2013: $0.8 million]; Market value of investments as at September 30, 2014 of... Read more of this article