Hashtag: #KeyTech
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
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
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”
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
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
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
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
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
[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
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
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 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
