This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Keytech - A Minority Shareholder in the Cayman Islands
WestTel is licensed in the Cayman Islands to provide local and long-distance telephony, internet and value added data services to both the corporate and residential markets.
KeyTech's partner in this new venture is WestStar TV Ltd., Cayman's premier cable and television operator. WestStar currently enjoys a market penetration of more than eighty percent with its television and cable services and WestTel will use WestStar's fixed wireless distribution network for the delivery of data and telephony products.
"This is a very good opportunity in a market similar to Bermuda that will use both KeyTech's telecommunications expertise and WestStar's established market position and infrastructure," says Sheila Manderson, CEO of KeyTech Limited. "WestStar has an enviable reputation in the market for service delivery, an excellent relationship with the regulatory body and uses technologies that we know and understand. We are very pleased to partner with WestStar for this new venture."
WestTel is currently delivering internet services and it is anticipated that other voice and data services will be launched early this summer.
In 2003 the Cayman Islands migrated from a Cable and Wireless monopoly to one oriented toward competition in all markets. WestTel will be one of the first competitors to Cable and Wireless.
KeyTech Ltd. is a Bermudian company which owns the Bermuda Telephone Company Limited, Mobility Limited, the Bermuda Yellow Pages and Logic Communications Limited.