March 7, 2018
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Cable urges industry unity on URCA ‘budget travesty’
CABLE Bahamas is urging its rivals to join the battle against “this travesty in budget increases” for the sector’s regulator whose downtown Nassau headquarters it branded an “albatross”.
URCA rejects Cable’s Starlink ‘level playing field’ push back
REGULATORS yesterday rejected Cable Bahamas’ renewed concerns that it is competing on an “unlevel playing field” against Elon Musk’s Starlink satellite Internet service.
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.
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.
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.
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.
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
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.
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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