Shareholders of Cable and Wireless Communications, CWC, the parent company of LIME, today voted overwhelmingly in favour of the 3-billion US dollar acquisition of Columbus International, operators of Flow.
In a statement today, LIME says shareholders voted 9-to-1 in favour of the deal, at a general meeting in London.
The statement quotes CWC’s Chairman, Sir Richard Lapthorne, as saying he’s pleased with the support demonstrated by the shareholders.
CWC’s Chief Executive Officer, Phil Bentley, says the company will work closely with governments and regulators to ensure that customers benefit, and that competition is not compromised.
The combined business of CWC and Columbus International is expected to deliver broader pro-consumer product offerings and improved services.