Bahrain company completes Cable & Wireless takeover

THE deal for Batelco to buy Cable & Wireless in the Channel Islands and Isle of Man was completed yesterday.

THE deal for Batelco to buy Cable & Wireless in the Channel Islands and Isle of Man was completed yesterday.

It followed regulator approval being given to the takeover, which includes the Sure operations in Guernsey.

Eddie Saints, pictured, chief executive of Sure operations in the Channel Islands and Isle of Man, said he was confident that the deal would bolster its ability to deliver innovation through products and services, which the islands deserved.

'Batelco is well placed to invest significantly in the Channel Islands and this will benefit both our business and consumer customers.

'This is an exciting time for our clients and everyone who works at Sure, because Batelco is a very dynamic company with a clear vision of a highly connected future, which will be crucial to the future success of the Channel Islands,' he said.

Comments for: "Bahrain company completes Cable & Wireless takeover"

nicky

It will be interesting to see whether the new owners will require those of us with "cw" in our email ID, to effect a change.

Guernsey Fudge

Why o why did we sell this asset off in the first place ?

Answers on the back of a camel rug please.

Alex Cross

Agreed, whomever was involved in the sale of GT needs to be shot! Would be interested to see how much was paid!! Unfortunately batelcogroup.com doesn't give a lot of info!

guern abroad

Paid £1 and then got a bonus of finding £900,000 left in the bank accounts ... or something along those lines

Guernsey Fudge

And whilst on the subject of C & W or Sure...

Who on Earth is responsible for the new telephone book ???????

The typeface has shrunk by 50% I reckon, and anyone who is not wearing glasses at the moment will have to now, if they want to read this.

Specsavers and all the other Optitians will have a field day.

Someone has made a big gaff ......

Are these things ever pdoof read ?

I suspect someone lookes at it on a computer screen rather than looking at a hard copy.

Whatamistaketamake !!!

Guernsey Fudge

Yes my eyesight has failed me after trying to read this phone book....

Dave Jones

We were assured that C&W were committed to Guernsey,

Another lie.

Davis

Don't ever believe anything a for-profit company says in a public statement.

..ever.

JamieC

As committed as those Deputies who voted for the give-away (because that was what it was) of Guernsey Telecoms in an adverse market, against the advice of Telecoms senior staff, in the first place.

Dave Jones

I was one of the very few who voted against the sale

kippers

As an aside, what's your view on the wholscale sell off of the NHS, and the carving up of education to special interest groups, that I believe UKIP are very fond of?

dcp

Let's hope we get a reduction in the expensive internet rate of £24.99 a month plus having to pay £9.45 per month line rental. Roll on the cheaper competition

Jimmy Full Stats

Hardly expensive, I just moved back from the UK and it was pretty much the same. Remember this is an Island!

Nige

"Eddie Saints, pictured, chief executive of Sure operations in the Channel Islands and Isle of Man, said he was confident that the deal would bolster its ability to deliver innovation through products and services, which the islands deserved."

So Ed, if your confidence is misplaced, as most people think it will be, can we come round to your place, bang on the door, and ask for a refund?

Dave Jones

What the islands deserve is a telco company that does not rip off is users with ridiculously high broadband and roaming rates.

And is run and managed by Guersey people as we once had. The States and the public were seriously misled at the time of the debate on the sale of GT to C&W and the shortsighted results of that decision have put us in the position we are now in.

I am still very interested in getting support to renationalise a controlling interest in this new company and the sooner the better in my view.

I am being told that it would be extramly difficult to do, I don't see why? We are the government, we are duty bound to protect the interests of the island and its people from predators and having our main telecom company owned by people we know nothing about outside the island is not in the best interests of anybody.

concerned

Dave, I agree with you 100%. The problem is the only realistic way to control it is to buy it back. Are we in a position to do that?

Dave Jones

Well some might say the government could just seize a controlling interest which is what happens under some models of nationalization and we still have the entire infrastructure.

As I say I am unsure of all the details about how this might be done but I am sure of one thing and that is that we cannot leave things as they are.

JLS

Didn't the states nearly run it into the ground? As I remember it there were meetings internally and people were going to get laid off as they couldn't afford to pay wages and gold plated pension schemes.

How exactly are the states going to do anything extra that a privately run company with expertise could do when they can't even fund a decent playground?

Dave Jones

JLS

I am afraid your post is complete rubbish, GT was a very profitable company, and shortly before it was given away it suggested giving islanders free calls for a year. In the end a million pounds went back to Treasury instead.

The whole thing was sold to the States on the grounds that Guernsey needed to get into bed with a bigger player the global dot com bubble was on us and we were told we could not compete in this brave new world on our own that turned out to be complete rubbish and instead of taking on a partner they gave the company away to Cable & Wireless. Jersey was offered the same rhetoric but luckily their Stats members didn’t swallow it. And you still have JT today doing OK by all accounts.

Frank

Batelco have a good reputation as being very customer focused, this move should be good for the Island.

Beanjar

I'm sure Batelco have good reasons for buying up comms companies on small islands where they hold a virtual monopoly. I doubt if improving customer service featured heavily in the decision, or at all.