Hashtag: #BTC
KeyTech’s “Transformational Transactions”
The KeyTech Group of Companies confirmed that its subsidiary, WestTel Limited [Logic Cayman], doing business in Cayman, has acquired British Overseas Territory Cable & Telecommunications, Ltd. [BOTCAT], a company incorporated in Cayman. BOTCAT owns WestStar TV Limited in Cayman and an interest in CableVision Holding Ltd. in Bermuda. Following completion... Read more of this article
BTC Sale To Barrie Holdings Ltd. Completed
[Updated] BTC announced the completed sale of the company to Barrie Holdings Limited, a said the “transaction marks the beginning of a new era and promises to yield significant changes in the days ahead.” Roy Graydon [pictured], the newly appointed Executive Chairman of BTC, says, “Bermuda is a unique market filled with incredible potential,... Read more of this article
KeyTech To Sell 100% Of Interest In BTC
The KeyTech Group of Companies announced that it is entering into an agreement for its subsidiary, WestTel Limited, doing business as Logic in the Cayman Islands [Cayman] to acquire British Overseas Territory Cable & Telecommunications, Ltd. [BOTCAT], a company incorporated in Cayman. In addition, the company will have a controlling interest in... Read more of this article
BTC Scholarship Offers Students $20k Per Year
Bermuda Telephone Company Limited is currently accepting applications for its generous Sir John W. Cox Award, marking the 41st year that the scholarship has been offered to Bermuda’s students. According to the BTC website, “Even future leaders need a hand getting started. “Since 1983, BTC has been furnishing Bermudian students with... Read more of this article
Launch Of BTC’s New PRISM Network
The Bermuda Telephone Company [BTC], launched its new fiber based network — called PRISM — which BTC said will “provide both the highest capacity on the island and the end-to-end Quality of Service performance necessary to ensure that one network can deliver a mix of voice, video, mobile, and data traffic along with mission critical... Read more of this article
BTC Introduces Metro Ethernet
The Bermuda Telephone Company [BTC] announced the introduction of its Cisco based fiber optic Metro-Ethernet network in the city of Hamilton. The Hamilton based Metro-Ethernet network will provide businesses with the ability to maximise the performance and reliability of their communications and applications with speeds that can reach up to 10 Gigabits... Read more of this article
KeyTech CEO: Fray To Replace Lines
[Updated] Sheila Lines will be retiring as CEO of The KeyTech Group of Companies and BTC CEO Lloyd Fray will assume the post. KeyTech’s subsidiaries include The Bermuda Telephone Company, Logic Communications, and the Bermuda Yellow Pages. In a filing to the Bermuda Stock Exchange, KeyTech Limited today [Oct.10] announced the appointment of Mr.... Read more of this article
BTC CEO Francis Mussenden To Retire
The Bermuda Telephone Company Ltd [BTC] today [Aug 31] announced the retirement of President and CEO Mr. Francis Mussenden effective 1 September 2010. Mrs. Sheila Lines, CEO of KeyTech Ltd the parent company of BTC announced in her letter to staff, “The BTC Board of Directors has accepted the early retirement of Mr. Francis Mussenden, CEO of BTC effective... Read more of this article
BTC Releases Statement On Work Stoppage
BTC has released a statement in reference to the work stoppage this morning, the full statement from Mr. Edgar Dill, Acting CEO, The Bermuda Telephone Company Ltd. follows below: At approximately 8am today The Bermuda Telephone Company Limited (BTC) experienced an illegal work stoppage by the Bermuda Industrial Union members and latterly by the Bermuda... Read more of this article
Keytech: Net Income $6.3 Million For 2009/10
KeyTech, whose subsidiaries include The Bermuda Telephone Company, Logic Communications, M3 Wireless, and the Bermuda Yellow Pages, have announced a net income for 2009/10 of $6.3 million, which is down down $4.2 million over the prior year. Keytech attributes the decline to a drop in BTC’s fixed line voice business and a $2.1 million decline in value... Read more of this article
Bermuda Telephone Company to Cut 25 Jobs
One of Bermuda’s foremost employers, Bermuda Telephone Company [BTC] has announced plans to cut approximately 25 jobs in an effort to reduce costs as part of a restructuring plan. The decision was made as a result of loss of revenue associated with land lines. President and CEO Francis Mussenden said the decline in land line business was created... Read more of this article
