March 7, 2018
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Cable Bahamas' top executive yesterday said itself and the Government will "remedy any challenges" caused by non-compliance with covenants related to $60m in bonds issued on Aliv's behalf.
Cable Bahamas yesterday confirmed it has moved into the second stage of its balance sheet restructuring by unveiling the early redemption of $30m-plus in preference shares.
Cable Bahamas' top executive yesterday admitted that hopes the COVID-19 crisis would "be short term" have been dashed as it permanently terminated 87 staff.
Cable Bahamas yesterday confirmed the temporary lay-off of almost 100 staff as its top executive revealed that major corporate clients are warning "daily" they may stop using its services.
Regulators have slammed Cable Bahamas’ explanation for replacing eight TV channels as “unconvincing”, suggesting there were no licensing deals for their use “in the first place”.The Utilities Regulation and Competition Authority (URCA), unveiling the
REGULATORS have ordered Cable Bahamas to pay a fine and compensate customers after the company replaced eight television channels without giving the required notice.
Cable Bahamas’ top executive yesterday said Aliv and its Florida investments will “turn the corner on plan” within the next 12-18 months despite a near-$31 million half-year loss.