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Cable pledges 'remedy' over Aliv $60m bond

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.

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Cable to repay $30m-plus debt

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.

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Cable Bahamas axes 87 staff on furlough

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.

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Hundreds lose jobs as Cable Bahamas and John Bull shut shops

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.

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URCA 'unconvinced' on Cable's channel licensing rationale

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

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Cable Bahamas ordered to pay fine and compensate customers for TV channel change

REGULATORS have ordered Cable Bahamas to pay a fine and compensate customers after the company replaced eight television channels without giving the required notice.

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Cable ‘turning corner on plan’ despite $31m loss

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.


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