Bermuda Telephone Company

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    Letter from Bermuda: Milking Bermuda’s Internet users

    The internet has proved to be enormously popular in Bermuda, with the island recording one of the highest take-up rates in the world. One reason for that is the large number of international companies we have. With the internet a standard feature on the modern office desk, people here quickly became used to the idea and extended their connectivity to their homes. Another reason is that we are 800 miles from anywhere. Any kind of connection to the world is welcome. With the Atlantic Ocean between the 60,000 of us and anyone else, we are desperate for contact. For instance, we gladly pay more than $100 a month for intermittent cable television.

    Bermuda Cablevision settlement talks begin

    American businessman Bill McDonald, who lost a crucial Privy Council hearing in October in his battle for control of Bermuda Cablevision, has been in Bermuda over the last few weeks to negotiate a settlement with his chief adversary, Bermuda Telephone Company. Sources said that an end to the long-running saga over Cablevision's ownership is in sight and that a listing of the highly profitable company's shares on the Bermuda Stock Exchange will quickly follow a settlement.

    Bermuda Telephone Company appears to have won battle for control of Bermuda Cablevision

    Bermuda Telephone Company yesterday won a major court victory in its battle to gain control of the highly profitable Bermuda Cablevision from a foreign entity. The Privy Council in London effectively refused to strike out a lawsuit brought on behalf of BTC at Bermuda Supreme Court against Bermuda Cablevision and the US-based McDonald group.